When you have hundreds of expenses, this will make it easier to see everything all at once and have a better understanding of your expenses.įinally, Splitwise saves a lot of features for its pro package which you must pay for. Using a spreadsheet is great because I could simply export the transactions in my online banking for my credit cards and easily aggregate them using my expense split spreadsheet. Read Also On Johnny Africa: The 4% Safe Withdrawal Rate Explained: Is It Reliable For Retiring Early? By the end of the trip, I had hundreds of credit card transactions to add between myself and others that it was incredibly time consuming to add all at once. I found myself in numerous occasions forgetting to add expenses on a timely basis.

However, what Splitwise doesn’t do well is if you don’t add transactions regularly. It is also great for splitting between multiple people and is free to use. The interface is very intuitive and the calculations are spot on. Splitwise available in the Play Store and Appstore is my favorite app of all. I absolutely love using apps to help split expenses. This spreadsheet will help you rectify that situation! In fact, I used this spreadsheet to split expenses with multiple people on an epic trip through Bali. and it will be a headache to sort through in the end.Ĭonversely, if you’re traveling with multiple people and everyone is paying something else, then it’s almost impossible to properly sort out who owes what. You can easily rack up crazy amounts of transactions between restaurants, bars, taxis, etc. However, let’s say you travel in a big group or with your significant other for long periods of time. If you’re asking this, then you probably don’t need it because it’s just a few expenses.

You’re probably wondering why you should use a spreadsheet to split expenses.

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Income and bills spreadsheet