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Easily Manage Money with Friends Using a Mobile App: Say Goodbye to Group Finance Hassles

March 28, 2025

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How to Easily Manage Money with Friends Using a Mobile App

Are you tired of the stress, awkwardness, and hassle of collecting and spending money in groups? Look no further! In this blog post, we will explore how you can easily manage money with your friends using a mobile app. Whether you need to collect money for a philanthropy event, split bills with roommates, or plan a group trip, this solution will make the process seamless and convenient. Say goodbye to fronting money, passing around debit/credit cards, and tracking IOUs on multiple platforms. With this mobile app, you can create disposable groups, track payments, and transparently manage funds in real-time.

By the end of this blog post, you will learn:

  • How to create and manage pitches to collect money from your friends
  • How to utilize virtual debit cards generated instantly for online and offline purchases
  • How to maintain transparency and social accountability within your group
  • How to use the social features, such as group chat and SMS text blasts

How To: Easily Manage Money with Friends Using a Mobile App

Are you ready to take control of your group finances? Here's a step-by-step guide on how to easily manage money with your friends using a mobile app:

1. Create a Pitch

Start by creating a pitch for the specific purpose or event you need to collect money for. Set the amount you want to request and choose whether it's a one-time use pitch or can be reused.

2. Share the Pitch

Share the pitch with your friends using a simple web link or invite them to download the app for more advanced money-sharing features. Make sure everyone knows how to access and contribute to the pitch.

3. Track Contributions

As your friends start contributing to the pitch, you can easily track who has paid and who hasn't. No more manual tracking with spreadsheets or notes. Everything is transparent and visible to everyone in the group.

4. Manage Virtual Debit Cards

Each pitch creates its own unique bank account with associated virtual debit cards. These cards can be generated instantly and used for online purchases or with Apple/Google Pay. Easily create, delete, and manage these cards from within the app.

5. Engage with the Group

Take advantage of the chat functionality to discuss shared expenses and plans. You can also send SMS text blasts for free to ensure everyone is on the same page.

6. Use Advanced Integrations

Download transaction statements and integrate with tools like QuickBooks and Plaid to keep your group organized and accountable.

Easily Manage Money with Friends Using a Mobile App - Take Control of Your Finances!

In this blog post, we discussed how you can easily manage money with your friends using a mobile app. By creating pitches, tracking contributions, and utilizing virtual debit cards, you can streamline the process and remove the stress from group finances. Say goodbye to awkward IOU tracking and embrace the transparency and accountability this app offers.

Key Takeaways:

  • Create pitches to collect money from your friends for various purposes
  • Track contributions and manage virtual debit cards for easy spending
  • Engage with your group through chat functionality and SMS text blasts
  • Integrate with other tools for additional organization and accountability

Take control of your group finances today and start enjoying stress-free money management with your friends!

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Switch is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. The Switch Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa debit cards are accepted.

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