BillMonk: Bill Sharing for Shallow Friends
If you keep track of your friendships like your finances, want to know which friends are freeloaders, check out BillMonk. Michael Arrington explains:
The idea is a user who wants to report a debt owed to him or her (such as a shared bill), or an IOU to another person, simply enters it on BillMonk. This is very easy to do on BillMonk, even for more complicated transactions like a bill shared among a lot of people. You simply input the amount of the bill and the email addresses for those who participated. There is also an SMS feature to allow users to text in bills on the phone.
More often than not, I like to treat my friends to a meal if we can't figure out how to split it up appropriately. But, if you want to keep track of when that happens over many meals and make sure everything is equitable, you might find BillMonk useful.
~admin
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I like the way BillMonk keeps track of all of the various transactions a user has with different people, and the current amount owed at any given time. For instance, if I buy dinner for my friend Orli Yakuel and we decide to split the $100 bill, and later I owe her $8 for coffee, BillMonk knows that she only owes me a total of $42. When I tell BillMonk that she’s paid me $20, it automatically lowers the amount owed to me to $22.