LOUISVILLE, Ky. (WHAS11) -- With fewer people carrying cash on a regular basis, splitting bills or paying people back can be tedious. This week’s App of the Week could help solve that issue.

The Splitwise app allows you to split bills, track spending and settle up with your friends right from your phone.

If you’re out to eat with friends and one person picks up the tab, they can use the Splitwise app to figure out how to split the bill evenly amongst your group or allow people to pay specific amounts for their part of the bill.

The app can keep track of all your monetary exchanges, so whether you have regular bills to split like rent and groceries, or one-time payments like getting concert tickets with a friend, you can see which debts you owe, how much you’ve lent out, and which accounts have been settled.

The app will keep all the lending and debt-owed information saved, so if you and your friends don’t work it out right away, everyone will have the information so you can sort it out later.

So, if you’re looking for an easier way to split bills and settle up with family and friends, check out the Splitwise app today.

The Splitwise app is available for free on iOS and Android devices.

If you have an app you think would make a good App of the Week, send it my way at wweible@whas11.com or reach me on twitter @WorldWideWeible.