Nothing can spoil a great group lunch or dinner than having to spend quality time calculating the cost of splitting the bill. Sure it’s easy when you split the cost between yourself and your girlfriend or boyfriend, but what happens when you have more than five people in the group?
You could use a calculator or the old pen and paper method, but if you have a iPhone or other iOS device, there are apps that make splitting up expenses less of a chore and are even more accurate than the mental calculations we perform. There are several such apps in the iTunes Store.
Tip Calculator Free not only manages the splitting of the bill, but will also figure out the waiter’s and waitress’s tip as well. While this can be easily done on an iPhone calculator, Tip Calculator does it faster, and is better to look at.
To use the app, all you have to do is input the Check Amount, select the number of people to split the payment, and then select the quality of the service you receive from the waiter or waitress.
The service quality feature means that your tip can be based on 5 to 50% of the bill. Tip Calculator allows you to split the bill between up to 50 people, or you can select no split and use it simply for tip calculation.
If you’re needing to split expenses for a trip you take with two or more people, Trip Splitter Lite is an app you should give a try.
With Trip Splitter, you have presets for dividing up lodging, gas, transportation, food, entertainment, supplies, and your own set of custom expenses.
To use the app, you set up a name for a new trip, and then add the names of the people you will be splitting expenses with. Next, you add an expense item, such as gas, and either calculate the amount for each time you purchase gas or for the total amount of gas expenses. Tip Splitter also allows you to keep tabs on who paid, and even how they paid – e.g. cash, credit, debit.
Expenses are categorized into items and days, and each person and item gets color-coded for easy visual reading. The paid version ($1.99) of the app allows you to handle up to six people. The free version allows for two people.
The newest app in this personal finance category is SpotMe Payments. It’s geared toward groups of people that you may share expenses with on a regular basis, such as roommates, family, co-workers, and close friends.
With SpotMe, you set up groups for sharing expenses, and then add individuals – including their phone number or email, and photo – from your Address Book, Facebook and Twitter account
SpotMe enables you to split and track bills, lend and borrow money, and send out regular reminders. It is fairly easy and straightforward to use.
Let us know that you think about these and other bill splitting apps. Do you have a favorite one on your iPhone that you use?
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