Friends owing friends money is as old as, well money. You know the scenario: it’s a Saturday night and you and a few buddies go out for drinks, partying, more drinks, then a drunken feast at a greasy spoon at 5am.
None of you is rich, but you took care to chip in for drinks, food and cover. Sunday morning rolls around. And save for a hefty hangover, you’re left with little or nothing. Unless you’re in the mafia, or just don’t care, it’s always kind of awkward to ask friends to pay up. And it’s worse to have to borrow money. Anybody’s who’s been in this situation should consider starting a BillMonk account. BillMonk is a site that’ll keep tabs on what you’re owed and what you owe. BillMonk will do all the math for you once you’ve paid up, or once you are paid. It even makes splitting bills easy. Just input the particulars of the bill (who, how much, emails etc). BillMonk will do the rest. There’s also a mobile option and you can pay friends directly from the site via Obopay. So don’t fret about IOUs anymore.
BillMonk.com In Their Own Words
“BillMonk helps you avoid the awkwardness of borrowing and sharing. We track the debts that might otherwise be forgotten, and we do the cumbersome money-math.
Signing up to BillMonk is easy; just tell us your name and email address. Just so you know, we abhor spam and let you control how much or how little email you receive.”
Why BillMonk.com It Might Be A Killer
BillMonk is ideal for settling IOUs. With BillMonk and receipts there’s no need to squabble about who owes what and you don’t have to feel so bad about borrowing money. BillMonk does the math for you and it’s easy enough to use without too much work.
Some Questions About BillMonk.com
How will BillMonk rank among competitors? Do they have a sound business model? Does it really work? Does it really facilitate monetary transactions or will debts always be debts? 
