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January 15, 2010

BillsAreIn – Quit Arguing Over Shared Expenses

Living with roommates can be frustrating, there’s no doubt about it. And while there may not be an app that can get your roommate to clean up his trash or stop eating your food in the refrigerator, there is a web-based application that can make it easier to split bills such as rent and electricity as a group. BillsAreIn is an online tool that roommates can use to easily keep track of the monthly bills they’ve agreed to split.

Whether you have one roommate or five, getting started with BillsAreIn is as simple as inputting the names and email addresses of everyone in your house. From there, you can start adding bills into the system and determine whether each bill should be split evenly among housemates or assigned only to certain members of the group. As bills are entered into the system, roommates are individually notified via email with information about the bill’s amount, due dates, and payment methods. The site’s main navigation page features all the people in your house and lists whether they owe you or you owe them for any outstanding bills.

Even better is BillsAreIn’s easy integration with your bank or PayPal, which lets roommates deposit money into each others’ accounts all within the online system. And thanks to the application’s group calendar, you’ll can stay up-to-date on all of your roommates’ activities, from birthdays to vacations, as well. For anyone who has ever struggled to split bills, BillsAreIn is definitely an application that can save you the hassle of bickering over finances.

Practical Uses:

  • Keep track of when bills are due
  • Make sure all of your roommates pay their fair share of the bills each month
  • Split utility bills in a structured manner without testing your math and record-keeping skills

Insider Tips:

  • View the payment status of any bill from the navigation page
  • Post messages for the entire group to see on your BillsAreIn “wall”
  • Decide whether to split bills evenly or assign specific amounts to each roommate
  • View the detailed group budget reporting by month or year

What we liked:

  • Roommates receive automated email alerts whenever a new bill has been added
  • Statistics page makes it easy to view which roommates are the most and least on time with payments each month
  • Reminders make it easy to remember to make payments on time
  • Ability to have roommates deposit their payments directly into your bank account

What we didn’t like:

  • Many of the bill payment icons look similar, so it can be difficult to tell what each icon represents

Alternatives:

Company Info:

Costs:

  • Free

Comments

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