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Saturday, 13 August 2011

SnapHow.com : Web & Computing Tips

SplitTheRent: Manage Rent, Track Expenses when Sharing Apartments

Posted: 13 Aug 2011 09:33 AM PDT

Split that Room Rent, Apartment Bills Easily with your Friends Its very common to see salaried employees, college goers share a common apartment when they are away from home for a long period. In India, at places like Bangalore, Mumbai, Chennai etc shared living is the only form of accommodation as its very difficult to find rooms and housing meant for a single person.

Sharing a flat, apartment has its advantages but it comes with a tedious task of tracking expenses and how to split the share of expenses for each person. As the number of bills and list of expenses along with the number of individuals, housemates increase, calculating the share of the expenses per person might be a very difficult and time-consuming task.

Split that Room Rent, Apartment Bills Easily with your Friends

SplitTheRent: Manage Rent, Track Expenses when Sharing Apartments

SplitTheRent is a free online app. that helps you keep track of shared expenses of the rented apartment, so that bills (and housemates) get paid on time. With email alerts, forms for single payments and frequency (whether monthly, weekly, yearly, etc..) Reports etc.. everything becomes easy to register every bill paid and track finances easily no matter how many tenants live under one roof.

SplitTheRent: Manage Rent, Track Expenses when Sharing Apartments Each tenant, roommate can make an account and log in to help manage bill-tracking and calculate the fair rent split between other roommates.

One can also organize and track bills shared on food, internet expenses, electricity etc, or even to help put a fair selling price value on an old furniture bought by sharing the money.

► Go to SplitTheRent.com

From the Developers : "We realized that what people wanted was a way to keep track of all kinds of expenses around the house: rent, bills, and other random transactions. Everyone has their own way of tracking debts between housemates, with notes on the refrigerator and complicated Excel spreadsheets". And here’s a better solution from them.

Btw, the site uses $ as the currency (if you use rupees or any other) but it’s the numbers that matters right ? Hope this app. helps.

Also See : Calculate the Cost of Living in any City with Yours