SplitMyExpenses
SplitMyExpenses is a free tool designed to streamline the process of sharing expenses among friends, roommates, and couples. Users can create a group, add frien...
Last verified:
What is SplitMyExpenses?
SplitMyExpenses is a modern bill splitting tool designed to simplify shared expenses with friends, couples, roommates, and travel groups. The platform allows users to create groups, share a link, and split bills in seconds while tracking who owes who and settling up quickly. Users can add shared expenses with clarity and control using keyboard shortcuts, various split types, and AI-powered features.
Key features include AI receipt itemization that automatically parses receipt photos into itemized entries for per-item splitting, multiple split types (equal, by amount, percentage, shares, adjustments, or itemization), and integration with popular payment apps like Venmo, PayPal, CashApp, and Zelle for settling up. The tool also offers beautiful charts to visualize spending per category in groups, debt visualization, robust filters, currency conversion for over 150 currencies, and the ability to link credit cards and bank accounts for daily auto expense imports.
SplitMyExpenses is ideal for anyone who regularly shares expenses with others - including couples managing household costs, roommates splitting rent and utilities, friends on trips, and groups coordinating shared purchases. The platform supports multi-currency transactions out of the box, has no limits on expenses, and guarantees security and privacy by not selling user data.
The platform recently launched native iOS and Android mobile apps that are completely free, along with new features like dark mode and currency conversion. Users can import expenses via CSV, Excel, or TXT file uploads, and everything is securely handled by their payment processor for bank and card linkings.
The tool minimizes payments needed in groups by intelligently shuffling debts, offers recurring expenses functionality, and allows users to apply default splits to new expenses in a group. It's positioned as the best free alternative to Splitwise for managing group and shared expenses.
SplitMyExpenses pricing
Pricing model: Freemium
Free tier: $0/month - includes add expenses, split, settle up; import expenses up to 1 month old; no AI receipt itemization; 10 total recurring expenses. Unlimited tier: $3.99/month (save $13/year with yearly billing) - includes all free features plus import expenses with no date limits; unlimited AI receipt itemization; unlimited AI expense summarization; unlimited AI category prediction; unlimited recurring expenses; link all cards and bank accounts for daily auto expense imports; apply default splits to new expenses in a group; convert expenses to 100+ currencies; and priority processing for all operations.
SplitMyExpenses pros
- Free core product with no hidden fees
- No limits on number of expenses
- Supports over 150 currencies
- AI receipt itemization for per-item splitting
- Multiple split types including equal, percentage, shares, and adjustments
- Integration with Venmo, PayPal, CashApp, and Zelle
- Link bank accounts and credit cards for daily auto imports
- Beautiful charts for spending visualization
- Minimizes payments needed to settle up in groups
- Native iOS and Android mobile apps completely free
- Dark mode and light mode themes available
- Currency conversion for 100+ currencies
- Import expenses via CSV, Excel, or TXT files
- No limits on number of friends or groups
- Keyboard shortcuts for faster workflow
- Custom paid amount override option
- Friend data powered by payment apps with profile photos
- Default splits applicable to new group expenses
- Priority processing for unlimited plan users
- AI expense summarization and category prediction
SplitMyExpenses cons
- AI receipt itemization limited to none on free plan
- Only 1 month old expenses可imported on free plan
- Only 10 recurring expenses on free plan
- No date limits for imports only on unlimited plan
- Unlimited AI features require $3.99/month upgrade
- Cannot link multiple cards/banks on free plan
- Currency conversion limited to unlimited plan
- Default splits feature only on unlimited plan
- No priority processing on free plan
Frequently asked questions about SplitMyExpenses
Are there limits on number of friends or groups?
Nope! You can organize your expenses however you like. The platform does not limit the number of friends or groups you can create.
How can I invite my friends?
You can create a group, share the unique group invite link, and friends can register to the platform to get started immediately.
Can I integrate with my personal finance app?
You can link your bank account and credit card securely or you can import expenses through file upload (CSV, Excel, TXT).
Can I edit my expenses after import?
Absolutely! The import process gets your bills to us, but you are free to change anything you'd like after import, such as: amount, description, date, etc.
Can I delete my account and data?
We believe in users owning their data. You may delete your account at any time you please. No strings attached!
Why do some friends owe one cent more on an Equal split?
Some expenses do not divide evenly, so from start to end, each friend will get one more additional cent depending on the remainder.
Can I choose which friends owe this extra cent?
The algorithm is explicit and repeatable. If you want other friends to get the extra cent, feel free to put them at the beginning of the splits list.
What are the supported payment apps?
We support: Venmo, PayPal, CashApp, and Zelle. The platform is continuously adding more payment apps to the list, and if you have a request, you can reach out to them.
Will the core product always be free?
Yep! The core product of bill splitting and settling up will always be free! They offer a premium plan to speed up core workflows to save you precious time.
How does AI receipt itemization work?
Upload a photo of your receipt and the platform will automatically itemize your receipt items so you can split per item, with multi-currency included!