It can be really difficult to keep track of who you owe money to and who owes you money, especially in college. Going out with a big group of friends also has its complications when it comes to splitting up the bill. Well, Venmo is your new solution. Venmo is a free app for iPhone, Android, and Blackberry phones that lets you notify others how much they owe you and lets them pay you directly through the app. Just like on Facebook, you have friends and a news feed, can check-in, and change your privacy settings. You’ll tag the people in the event, name the event, and hit either the ‘pay’ or ‘charge’ button to complete the transaction. Your event shows up in the news feed for your other friends to see, but don’t worry, the amounts charged and paid don’t show up. People get creative with the naming of events so it’s not unusual to see something like “Bob Smith paid Jen Doe – Being a punk.” And again, just like Facebook, your friends can like or comment on these events that pop-up in your news feed. Go to the app store and check it out! This has the potential to replace the outdated I.O.U. Instead, just say “Venmo me!”
