Personal Finance · head to head
EveryDollar vs Splitwise
The short version
- Each has a real cost: EveryDollar the free version has no bank connection, so every transaction is entered by hand; Splitwise the free tier limits how many expenses can be added in a day and shows adverts
- They diverge on capability: EveryDollar covers Zero-based budgeting, Splitwise covers Bill splitting.
Where they differ
Only the attributes on which EveryDollar and Splitwise actually diverge.
| Attribute | EveryDollar | Splitwise |
|---|---|---|
| Founded | 2014 | 2011 |
Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in EveryDollar
- Zero-based budgeting
- Transaction tracking
- Budget planning
- Financial insights
- Bank accounts
Only in Splitwise
- Bill splitting
- Expense tracking
- Group management
- Settlement tracking
- Venmo
- PayPal
Both cover
- Web support
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
EveryDollar
- Zero based monthly budgeting using the Ramsey methodnot Splitwise
- Tracking bills and sinking funds by categorynot Splitwise
- Automatically importing bank transactions into a budget on Premiumnot Splitwise
Splitwise
- Splitting shared household bills between flatmatesnot EveryDollar
- Tracking who owes what on a group tripnot EveryDollar
- Settling up across currencies on the Pro plannot EveryDollar
- Recording IOUs between friends over timenot EveryDollar
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
EveryDollar
- The free version has no bank connection, so every transaction is entered by hand
- CSV export of budget data is Premium only
- Spending reports and historical comparisons are Premium only
- Premium costs $17.99 per month billed monthly, and the $6.67 headline rate requires paying $79.99 for a year up front
- The free trial lasts 14 days and is limited to new users
Splitwise
- The free tier limits how many expenses can be added in a day and shows adverts
- Transaction import works in the United States only
- Currency conversion, receipt scanning, charts and expense search are all Pro features
- The Pro price is not shown on the product page
Pricing, plan by plan
EveryDollar
Free- FreeFree
- Manual budget entry
- Plus$14.99/month
- Bank sync
- Mobile app
- Transaction tracking
Splitwise
Free- FreeFree
- Bill splitting
- Group tracking
- Mobile app
- Splitwise Pro$4.99/month
- Receipt scanning
- Advanced analytics
- No ads
Which should you pick?
Choose EveryDollar if
- You need zero-based budgeting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want transaction tracking.
Choose Splitwise if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want expense tracking.
Questions people ask
- Is EveryDollar or Splitwise better?
- Neither clearly leads. EveryDollar starts at Free and Splitwise at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, EveryDollar or Splitwise?
- EveryDollar starts at Free and Splitwise at Free.
- Does EveryDollar or Splitwise run on more platforms?
- Both run on Web, IOS, Android, so platform support will not decide this one for you.
- Can I use EveryDollar for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is EveryDollar best used for?
- EveryDollar is most often used for zero based monthly budgeting using the ramsey method, tracking bills and sinking funds by category, automatically importing bank transactions into a budget on premium. Of those, zero based monthly budgeting using the ramsey method and tracking bills and sinking funds by category are not what Splitwise is typically brought in for.
- What can EveryDollar do that Splitwise cannot?
- EveryDollar covers Zero-based budgeting, Transaction tracking, Budget planning, Financial insights. Splitwise covers Bill splitting, Expense tracking, Group management, Settlement tracking. Both handle Web support, IOS support, Android support.