Owe your best friend $8 for dinner when you forgot your wallet? Need to give your roommate the rent money? If you, like me, rarely have cash and hate writing checks, then the following mobile apps can help you out. One let you easily calculate who owes what on group outings. Another lets you pay your friends immediately if you have linked your bank account.
A note about privacy: While it’s good to be cautious in anything financial, these apps are affiliated with reputable companies (Paypal acquired Venmo within the last year). Make sure to set all your transactions to “private” in the settings, however.
- Splittr (iOS) – This app lets you record and divide expenses on a group outing without creating a spreadsheet or keeping track of receipts. Figure out the total for each person even if not everyone participated in all expenses.
- Venmo (Android, iOS) – Pay your friends instantly through the app. It is free to send or receive money if you have linked your bank account or debit card to the app. If you use a credit card there is a 3% charge.
