Do you have a roommate? A partner? A friend to whom you’ve loaned money? Buxfer is a fantastic web-based tool for anyone in a situation with shared expenses. The site’s programmers write:

As graduate students, having food almost always meant eating out with a bunch of fellow sufferers somewhere on Craig Street. With such a high rate of accumulating bills, our memories and scraps of paper were just not enough. So we wrote a small simple script to keep track of our debts. And boy, did we love it! Well, we thought maybe the others would find this useful too.

Buxfer allows you to:

  • Import bank or credit card statements.
  • Keep track of who owes you money.
  • Know where you spent your money.
  • Set up and manage budgets.
  • Access Buxfer via mobile phone.

You can learn more about Buxfer by taking a tour of the site, reading the blog for development updates, or viewing the FAQ to get into the nitty-gritty. Where was this when I was in college? (Oh, right — the whole internet thing hadn’t come of age yet.)

Note: I originally wrote about Buxfer last February at Money Hacks.