When it comes to our kids’, clothes, school supplies, extra-curricular activities, the expenses can be endless! Keeping track of all of these costs can be a difficult task, especially for co-parents to split all of these expenses amongst themselves. When the relationship between the parties is not amicable, children’s expenses can become a source of serious contention. The situation is only exacerbated when one parent waits weeks before sending the other parent the bill for an expense that they never agreed to pay beforehand and once the amount really accumulates. Rather than sending pictures of receipts back and forth by email or text, or keeping track of incoming expenses, there is an App called Splitwise that can make splitting expenses for co-parents a lot more efficient and a lot less stressful.
Splitwise allows you to keep track of shared expenses, balances, and who owes what. Every time a new expense comes up, you can add it to Splitwise even while you on the go. Splitwise also allows you to record any cash or online payment to simplify settling up with the other parent. A great feature on the app is that it also enables you to categorize your expenses and scan your receipts. It’s a home for all things expenses, which gets rid of the tedious task of searching through never ending email chains of expenses to manually calculate what you owe. By scanning your receipts and uploading them to Splitwise in real time, it also ensures that neither party will have to question if the other was truthful with respect to the costs incurred by them. If you are in a co-parenting arrangement, we at Spunt & Carin highly recommend using Splitwise to manage your expenses, it will certainly simplify the task!