Splitwise vs. Halfsy: Why Manual Entry is Dead

The “Splitwise Era” is Over

For a decade, Splitwise was the king. It replaced the spreadsheet. But in 2026, it feels like a relic. Why? Because it relies on manual entry and delayed settlement.

You have to type in every expense. You have to remember to settle up at the end of the month. And crucially, it creates a “debt ledger” that sits there, awkwardly, for weeks.

Enter Halfsy: The “Instant” Revolution

Halfsy isn’t just a debt tracker; it’s a payment settlement engine.

Feature Comparison

The “Friction” Factor

The biggest problem with Splitwise is the friction of paying. 1. Open Splitwise. 2. See you owe Dave £42. 3. Open Monzo. 4. Find Dave in your payees (or ask for his sort code). 5. Transfer £42. 6. Go back to Splitwise. 7. Click “Settle Up.”

With Halfsy, you just click “Pay.” Done.

Why “IOUs” Kill Friendships

Splitwise encourages you to let debts pile up. “I’ll just add it to the Splitwise.” This creates a mental load. You walk around knowing you owe people money, or they owe you. It changes the dynamic of the friendship. Halfsy encourages instant settlement. You leave the dinner table with a full belly and a clear conscience.

Conclusion

Splitwise was great for 2015. But if you want to save time and friendships in 2026, it’s time to upgrade to automation.