Definition

An app that helps friends or roommates split and track shared expenses. Commonly used for rent, utilities, or group outings.

What to consider

  • Use it to make shared expenses clear and hassle-free.
  • Agree on splitting methods with everyone involved.
  • Check the app’s features to ensure it fits your group’s needs.

Real world scenarios

  • After dinner, Rachel splits the group tab using an app, ensuring everyone pays exactly their share.
  • Four roommates handle rent, utilities, and grocery costs by logging each expense and automatically dividing totals.
  • A weekend getaway stays conflict-free when the group uses a splitting app to track shared costs for gas, lodging, and meals.

Related terms

Budgeting & Spending