You're sitting at dinner with friends and all decide to split the bill. But, not everybody has cash, or a debit card, or even their wallet at all because they forgot it. And then how will you split the tip? Or you need to pay someone back for buying you that coffee the other day. But you don't have cash on you. And can't get to an ATM.
Here is where the app Venmo comes in to save the day! In case you aren't familiar with this gem, Venmo allows you to send and receive money with your friends in a really easy way. It's also FREE.
How Venmo Works
All you do is link your debit/credit card or bank account (if you just want to send money then you only have to link your debit/credit card) to your Venmo account and that's it. SO EASY. This is because when you sign up you create a username that allows your friends to just find you, as if they were tweeting at you, and just send you money.
Venmo is a little stranger than other money sharing apps because you have to enter in a description for the money being sent. So if you were splitting the bill for dinner, it would be described as 'dinner payment' or whatever. This is because Venmo acts a tiny bit like social media. You can make your payments public and friend people on Venmo. And you have a home feed where you can see all your friends making these payments. It's a little weird and unnecessary, I think, but I'm willing to put up with it for the other features.
Small quirks aside, Venmo is extremely convenient since it's so easy to sign up for. I highly recommend it for every college student. It's currently available for download for Android and Apple users.
What do you think?
Do you use Venmo or some other money-sharing app? How do you split the bill with friends at restaurants? How do you share roomie expenses? Tell us in the comments.