Helping friends keep track

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BillMonk is an online and mobile application that helps friends to keep track of how much money and which items they owe each other. Developed and privately owned by two engineers, BillMonk was launched in January 2006. The online service makes it easy to divide shared expenses such as rent or restaurant bills. A user simply reports who paid for the bill on whose behalf, and BillMonk figures out who needs to pay how much back. BillMonk also allows users to create personal lending libraries for books, DVDs and other items. Friends can see what's available for borrowing, and…

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