Remember how Chandler always covered Joey’s share of the rent in Friends?
Most of us don’t have Chandler Bings to foot our bills, but we do have something none of the Friends gang did in the ’90s — bill-splitting apps.
With these useful apps for roommates, you can divide everything even-steven, whether it’s rent, groceries, or a restaurant bill.
7 best bill-splitting apps for roommates
Running after your roommates to pay back every little expense is tiring, not to mention time-consuming. Bill-splitting app Splitwise tallies up all your IOUs so you can reimburse each other in one big payment, instead of a ton of little ones.
The app even sends reminder emails to help you keep up with payments, so you don’t have to nag your roomies. All you need to do is upload an expense and then choose who to share it with. You and your roommates can decide how often to settle the tab.
Venmo is an easy, popular, and secure way to pay back your friends. With Venmo, you can add a bank account or debit card to transfer money between roommates at no charge.
Alternatively, you can keep money in your Venmo account and send it to your roommate — that $10 your friend paid you for dinner last week can go toward your electric bill, instead of getting lost in your bank account.
Venmo is a free way to transfer money between any two people who have the app. That means this bill-splitting app is not just useful for roommates — it’s also a great way to pay back friends and family.
IOU helps you keep track of all your debts to your roomies. You can upload expenses, share them equally among your housemates, and send each other email reminders.
You can even add recurring IOUs for monthly bills or create a payment plan for big purchases. For example, if your roommate breaks your TV and doesn’t have the cash now to pay you back, you can create incremental payments over a six month period.
With IOU, it’s easy to keep track of everything, plus you’ll have a record of your debt history. There will be no more confusion about whether your roomie paid you back yet for cleaning supplies or toilet paper.
RentShare is helping the rental world do away with paper checks once and for all. It’s a secure way to pay your rent online from your bank account or credit card. If your landlord is on board, then she just needs to set up an account with direct deposit.
You can enable automatic payments or reminders among your housemates, so everyone is paying their share at the same time every month. There’s a $1.95 fee to pay from a bank account and 2.99 percent charge for credit cards.
Splitrr is an easy-to-use bill-splitting app that doesn’t even require a log-in. You can upload costs and choose even or uneven splittings with your roommates. You don’t even need internet access to use it – the app works offline.
If you want a history of debts, you can easily generate a PDF and email it to your housemates.
Do you and your housemates share any food or drinks? If you have certain communal ingredients, you can share grocery lists through OurGroceries.
With this app, you can easily make and adjust grocery lists, crossing off any items that you’ve bought. You can also add random supplemental lists, like “our favorite wines” or “episodes to include in this weekend’s Friends marathon.”
Speaking of food, Divvy is a great bill-splitting app to use at restaurants. If you and your roomies go to dinner and need to split the bill, app Divvy can photograph the bill, drag each item to the person who ordered it, and see each individual’s total.
With Divvy, you never have to write out math problems on the back of a restaurant bill or delivery receipt again.
Apps for roommates who care
More young people live with housemates today than ever before. According to Forbes, the number of people aged 25 to 34 who live with roommates increased by 39 percent from 2005 to 2015. While having roommates has lots of great benefits, it also requires compromise and open communication.
With these apps for roommates, you can head off any conflicts before they occur. By keeping everything transparent and accounted for, you can keep things running smoothly.
These apps split the bills, maintain household lists, and track expenses. Now if only they would take out the garbage and do the dishes for you!
Are you dealing with a shady landlord or noisy neighbors? This guide tells you your rights as a renter and how to resolve unpleasant issues.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
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1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.30% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.47% – 6.30%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.69% – 7.21%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|