Personal Finance · head to head
MoneyWiz vs Splitwise
The short version
- Each has a real cost: MoneyWiz there is no free tier; every plan requires a subscription; Splitwise the free tier limits how many expenses can be added in a day and shows adverts
- They diverge on capability: MoneyWiz covers Budget management, Splitwise covers Bill splitting.
Where they differ
Only the attributes on which MoneyWiz and Splitwise actually diverge.
Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance), founded (2011).
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 MoneyWiz
- Budget management
- Multi-currency support
- Financial analytics
- Bank accounts
- Credit cards
Only in Splitwise
- Bill splitting
- Group management
- Settlement tracking
- Venmo
- PayPal
Both cover
- Expense tracking
- Web support
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
MoneyWiz
- Tracking personal accounts, budgets and bills across iOS, macOS, Windows and Androidnot Splitwise
- Syncing one finance database across multiple devices through MoneyWiz Cloudnot Splitwise
- Automatically importing transactions through bank syncnot Splitwise
Splitwise
- Splitting shared household bills between flatmatesnot MoneyWiz
- Tracking who owes what on a group tripnot MoneyWiz
- Settling up across currencies on the Pro plannot MoneyWiz
- Recording IOUs between friends over timenot MoneyWiz
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
MoneyWiz
- There is no free tier; every plan requires a subscription
- Bank sync with over 40,000 banks is Premium only, at 59.99 USD a year or 5.99 USD a month
- The Standard plan at 29.99 USD a year provides only cloud sync between devices, with no bank sync
- Subscriptions cap usage at 15 devices and two MoneyWiz Cloud accounts
- Priority support is restricted to the Premium tier
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
MoneyWiz
Free- FreeFree
- Basic expense tracking
- Multiple accounts
- Premium$4.99/month
- Advanced analytics
- Budget forecasting
- Custom categories
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 MoneyWiz if
- You need budget management.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want multi-currency support.
Choose Splitwise if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want group management.
Questions people ask
- Is MoneyWiz or Splitwise better?
- Neither clearly leads. MoneyWiz 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, MoneyWiz or Splitwise?
- MoneyWiz starts at Free and Splitwise at Free.
- Does MoneyWiz 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 MoneyWiz for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is MoneyWiz best used for?
- MoneyWiz is most often used for tracking personal accounts, budgets and bills across ios, macos, windows and android, syncing one finance database across multiple devices through moneywiz cloud, automatically importing transactions through bank sync. Of those, tracking personal accounts, budgets and bills across ios, macos, windows and android and syncing one finance database across multiple devices through moneywiz cloud are not what Splitwise is typically brought in for.
- What can MoneyWiz do that Splitwise cannot?
- MoneyWiz covers Budget management, Multi-currency support, Financial analytics, Bank accounts. Splitwise covers Bill splitting, Group management, Settlement tracking, Venmo. Both handle Expense tracking, Web support, IOS support, Android support.