Short Reckonings has been my must travel-buddy for the past year. Ever since my roommate introduced me to Short Reckonings, I have used it for every trip I've been on.
Short Reckonings is a website and phone app that helps you keep track of shared expenses and IOUs. After inputting the people in your party, who paid for what, and for whom, it calculates a single payment for everyone to pay to make everything even. So even if you go on a trip with several people, each person will only have to make a single payment to one person and BAM, everyone's even!
After creating a sheet, anyone in your party is able to view and add to the expense sheet. Though I've only used it for trips, I can see this being useful for roommate situations, group presents, events, etc.
Short Reckonings has been especially helpful for Ignas and I since we spot each other all the time. The whole "I pay for breakfast, you pay for lunch, I pay for dinner, and you pay for gas, etc" used to work for us but you can imagine the complications. SR is extremely convenient and easy to use and I will continue to use it for all my future trips.
The best part? It's completely free! You don't even have to sign up/register for anything. AWESOME!
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