BillMonk Facebook Application

What is the BillMonk Facebook App?

BillMonk allows you to easily keep track of shared expenses or IOUs with your friends. BillMonk has a nice clean interface and it’s not confusing at all to use. You choose either to create a new loan, new shared bill, or report a payment. When you create a new shared bill, you can select which friends participated in the bill, how much you paid, and how much your friend has to pay. BillMonk then sends your Facebook friend a message and displays the figures on the canvas page so you can see. BillMonk allows you to tag different payments and make comments about different bills. So, now you can take passive aggressivism to the net.

BillMonk also creates a widget to put on your profile so your friends who are using BillMonk can create new debts, shared bills, or report a payment with you right from your profile.

BillMonk is sort of similar to Buxfer. The only difference I found is that Buxfer also tracks your personal transactions.

BillMonk Pros

• Nice, simple layout
• Very user friendly
• Keep track of loans and shared expenses easily
• Don’t need to have a BillMonk account to use

BillMonk Cons

• It’s one trick pony. It only does bills and shared expenses. I would enjoy using BillMonk’s simple interface to keep track of my personal expenses. However, what BillMonk does, it does well. So, it can be forgiven.
• Doesn’t display who owes you what on your profile. I think showing who owes you money right on Facebook profile for all the world to see would be an awesome motivation for your friends to pay up. Guilt and shame have motivated humanity for centuries. Cruel? Yes, but so is not paying your half of the rent.