Glossary
The words we use, in plain terms.
Sharing costs has a vocabulary, and most of it comes from accounting. This is what each word means here, without the jargon.
Household
The group of people who share costs: a couple, roommates, a family under one roof. One household, one private code, one ledger everyone can see.
Ratio
The share of every shared cost each person carries, agreed once. It can be even, by income, by custom percentages, or a set amount each.
Proportional split
A split where each person's share follows their income, so the person earning more carries more of every shared cost. The income split calculator works the ratio out.
Equal split
Everyone carries the same share. Simple, and fair only when everyone earns about the same.
Custom percentages
A ratio the household sets by hand, for example by room size or by whatever everyone accepts as fair.
Override
Changing the split on one expense without changing the household ratio. Useful for the thing that involved some people, not all.
Every expense stays its own line
The idea at the centre of the app. Expenses are never rolled into a single running balance. Each one stays visible until it is settled, so anyone can see what a payment covered.
Running balance
A single number that stands in for many expenses. Most splitting apps show one; Have Another Cherry does not, because the number hides what it is made of.
Settle up
Paying another person what you owe them. In the app, a settlement clears specific expenses, and the ledger shows exactly which ones.
Payment method
How something was paid: cash, card, or transfer. Saved with each expense, so fronting a cost on credit is visible as what it is.
Recurring expense
A cost that comes around on a schedule. Set it up once and it logs and splits itself when the date arrives.
Receipt scanning
Photograph a receipt and the app reads the merchant, total, date, category and every line item, so a split can happen line by line. Included in the free plan.
Financial interaction style
A short assessment of how each person behaves around money, so the differences in a household are named out loud instead of discovered mid-argument.
Group code
The private code that lets someone join a household. Sent with an email invite.
Cherry +
The optional paid plan: insights and monthly trends, the Household Vault, blind splits, spending thresholds, backups and export. $3.99 / month, $29.99 / year, or $99.99 once for lifetime, per user.
Now put the words to work.
The web app is free, and there's no card to enter.