Split Rent, Bills & Groceries with No Drama
One shared cashbook for every expense your apartment generates — rent, electricity, groceries, Netflix. Folko tracks who paid, calculates who owes what, and settles it all in one tap every month.
Try Folko FreeLiving Together Shouldn't Mean Awkward Money Conversations
You moved in with great people. Then came the group chat debates about who owes who for the internet bill, the passive-aggressive notes about the grocery run from three weeks ago, and the monthly scramble to figure out how to split utilities five ways unequally.
Most roommate situations start with good intentions and a shared spreadsheet. Within two months the spreadsheet is outdated, one person is fronting everything, and someone has moved out owing money nobody tracked properly.
Folko fixes this. You create a shared cashbook for the apartment, add your roommates as members, and log every shared expense as it happens. The app does the math. Monthly settling becomes a 60-second exercise, not a negotiation.
Three Steps to a Drama-Free Apartment
Create your apartment cashbook
Name it "22B Shared" or whatever fits. Add your roommates — Folko sends them an invite link. Everyone joins in seconds, no account required beyond an email OTP. You can create separate cashbooks for different purposes: one for the apartment, one for a shared car, one for a group grocery rotation.
Log expenses as they happen
You pay the electricity bill — log it in 10 seconds. Your roommate buys groceries — she logs it. The internet, the cleaning supplies, the shared streaming subscriptions — everything goes in. You can split costs equally across all members, or set custom shares when the split isn't 50/50 (like when two roommates share a bigger bedroom).
Smart Settle every month
At the end of the month, tap Smart Settle. Folko calculates the minimum number of payments needed to clear every balance in the group — no circular debts, no overpaying. Then each person pays directly through Venmo, Zelle, PIX, or whichever payment method they already use. Folko never touches the money.
Everything Your Apartment Actually Generates
Rent day: Four of you split a $2,400 apartment. But Mia has the master bedroom, so she pays $750 while the rest pay $550. Log the rent transaction with Custom Share, set each person's amount, and Folko tracks it exactly as agreed — no recalculations, no disputes.
Utilities
Electricity, gas, water, internet — log each bill when it arrives. Split equally or weight it differently if someone works from home and uses more power. Folko tracks the running total all month.
Groceries
Whoever does the grocery run logs it. Over time, everyone contributes and Folko keeps a running tally. No more "I bought last time" arguments — the history is right there.
Subscriptions
Netflix, Spotify, a shared YouTube Premium — log the monthly charge and split it. Folko auto-flags recurring patterns so nothing gets forgotten.
Household Supplies
Cleaning products, toilet paper, dish soap — small amounts that add up fast. Log them as they happen and they'll roll into the monthly settlement automatically.
Repairs & Extras
Someone bought a new kitchen mat or fixed the shower. Log it, split it, done. No gray area about whether it was a "shared" expense.
Multiple Apartments
Moving? Create a new cashbook for the new place. Old balances stay in the old cashbook. No data gets tangled between living situations.
Smart Settle: The End of "Who Owes Who"
Most expense-splitting apps create a mess of individual debts. Four roommates generating transactions all month means twelve separate IOUs flying in every direction. Smart Settle collapses all of that into the minimum number of transfers needed to make everyone whole.
Say you have four roommates: Alex, Brooke, Carlos, and Dana. Over the month, everyone paid for different things. Instead of each person paying each other person separately — up to 6 different transfers — Smart Settle might determine that Alex pays Brooke $180 and Carlos pays Dana $95, and that's it. Everyone is settled.
Then you tap to pay directly via Venmo, Zelle, PayPal, PIX, Mercado Pago, UPI, or SEPA — whatever your roommates already use. Folko opens the right app with the amount pre-filled. The money moves. The balance clears.
No bank connections. No Folko account needed for the money itself. Folko only handles the math. Your money stays between you and your payment app of choice.
Stop Guessing. Start Tracking.
Folko is completely free for up to 3 cashbooks and 4 members — more than enough for most apartments. Unlimited transactions, always.
Try Folko Free