We’ve been busy working on a new version of the Toshl app for iOS, and it’s getting close to ready. Before we release it to everyone, we’d love some help putting it through its paces.
What’s new?
This update brings somewhat larger changes to the user interface than usual. The new look is inspired by Apple’s Liquid Glass design while keeping the Toshl design language, so the app should feel right at home on your iPhone. We didn’t stop at looks, though. The redesign also gives you a better overview of your finances, so the things that matter are easier to see at a glance.
Because the changes are bigger, we want to make sure everything works smoothly and feels natural before the public release. That’s where you come in.
How to join the beta
If you’d like to help us test the new app, just write to us at support@toshl.com, mention the email that you use for Apple ID (and thus TestFlight) and we’ll send you an invite. All feedback is welcome, whether it’s a bug, something that feels off, or something you really like.
We can’t wait to hear what you think!
Some of our initial attempts at liquid glass turned out a bit too solid. Since then, the monsters have warmed up to liquidity.
On January 1st 2026, Bulgaria will officially adopt the euro (EUR) as legal tender and wave a fond farewell to the Bulgarian lev (BGN). We congratulate Bulgaria on joining the euro family with all the monetary stability and ease of use it brings.
How to handle this currency change in Toshl?
When Bulgaria adopts the euro, the best thing to do is to simply change your main currency in the Toshl settings to euro with the first (recommended) conversion option.
Your historic data will remain as it is, with historic entries remaining in the original currency you entered them in (BGN). The entires will just be given a conversion value so that the value of those past transactions will be correctly calculated in the new euro sums.
From there on, you simply add new entries in euros and that’s it. If you’re using the automatic bank connections, the banks should also send new entries in the new currency.
If you use the recommended historical exchange rates option, it will offer to also change the account currencies for manual accounts in lev to euro. We recommend you use this option if you plan on adding to the same accounts. See here for more info on how currency changes work in Toshl.
Financial accounts that update automatically (those with the green globe icon) should be automatically updated by your bank. Most could change the account currency on the same account, but some banks might also report the accounts in euros as new financial accounts.
If the euro accounts get reported as new accounts, you can keep them as they are, or merge them with the existing account if you’d prefer the continuity that provides. If you plan on merging, make sure to select to correct account pair to merge and select the option to keep updating the account from the newer one.
Several countries joined the euro area before and the conversion process on Toshl went well. We expect the same to be true this time.
For those a bit more curious, here’s how the euro area participation looks at the time of writing.
Blue – euro area, green – Bulgaria joining soon, purple – Denmark in ERM2 stability mechanism but opted out of euro, yellow – not yet in ERM2 but expected to join euro later. Orange – using the euro with a monetary agreement. Red – using the euro unilaterally. Source Wikipedia.
A new year is here and it brings a welcome reminder to check up on your finances for the year ahead. It’s also a useful reminder to check how you have things set up in Toshl, so the way you track your finances aligns well with your goals.
General financial checkup
Set some financial goals for the year. Are you looking to increase your investments this year? By how much and where? Are you saving up for any large purchases? Setting goals will also inform your budgeting requirements and hopefully your general attitude to your finances as well.
Build or Boost Your Emergency Fund. Prepare for the unexpected. Your emergency fund should probably contain about 3-6 months of your living expenses, so you can overcome new circumstances that life may throw upon you. You can start small and set just bit on the side every month until you reach that level. Put it in an account that pays out interest, just make sure the funds are liquid and accessible in case of emergencies. The peace of mind with having that fund available will help you make more rational financial decisions elsewhere.
Set a plan to pay off debt. Make sure you plan for repaying debts regularly if you have any to pay off. If the interest rates have fallen since you originally took out the loan, it might be worth checking with your financial institution if the debt can be reprogrammed or consolidated.
Set up automatic savings and investments. There are quite a few financial services and banks – including lots that you can connect directly to Toshl as bank connections – that provide round-up options and other automatic saving options. Any purchase you make can round up to the nearest round amount and save the rounded up part. Some can also automatically invest the rounded up part into your funds of choice. Broad and well diversified ETFs with low yearly costs are usually a good long term choice – but make sure to do your own research.
Toshl-specific hints
Reflect on the past year. What good is noting and organising all this info, if you don’t take a moment to analyse it? Set the time span to the entire 2024 and take a look at your expense and income graphs. See which categories and tags had higher or lower amounts that you expected. The Planning graphs can also be useful here, as they’ll show the movements over the entire year. This can be even more useful when filtered to individual accounts, categories or tags.
Set up yearly, monthly or weekly reports by email. If you’re not the reflective type on your own, the automatic email reports can help with a nudge in that direction. Automatically producing infographics based on your finances, right to your inbox. You can also customise what kind of info you’d want included there.
Re-evaluate your budgets. It’s always good to have a general monthly budget for all expenses to monitor your general spending. Does the amount you have set reflect your finances well? Does it allow you to save some of the incomes each month? Also check your category and tag budgets, see if they’re tracking the right spending and with the appropriate amounts. At Toshl we like to track just a few categories where your spending can vary most based on your personal choices, but budgeting styles can vary.
Make sure your bank connections are updated. If you’re using the automatic bank connections, go to main menu / Bank connections and check if all is green and in order there. Some bank connections may require a re-authorisation every 6 months or so, while the semi automatic ones might need a log in with every update. Keeping them up to date, makes sure that all the transaction data is flowing in as expected.
Set a reminder for the non-automatic stuff. Buying with cash often? The Toshl apps can send you a daily reminder at the time of your choice, so you’ll remember to add any cash expenses from the past day. You can set it in Settings / Notification. It can also serve as a reminder to import from file, if some of your accounts require that.
Make sure your financial 2025 will be cooler than a ninja with a lightsaber riding a unicorn.
The new macOS Sonoma was released this week and among its neat new features is an option to add websites (or web apps) to your dock and launch them straight from there. Just like you would with native Mac apps.
This also means you can save Toshl in your dock for more convenient, easier access.
To do that, open toshl.com in the Safari web browser and log in with your Toshl account. Next, click File / Add to Dock… in the menu bar on top. Alternatively you can also use the sharing button in the Safari toolbar.
Confirm or edit the naming of the dock shortcut and you’re done. The icon will be applied automatically based on the favicon already specified in Toshl.
Once you click, it will open the Toshl web app with your account already logged in and a somewhat simplified, less cluttered version of Safari without the address / toolbar.
It’s also worth mentioning that such shortcuts have already been available for a while on the iPad (Add to home) and Windows, so you can set it up in a similar way there as well if you like.
When adding an expense or income in the Toshl apps, there’s a financial account that’s selected by default. You can of course change it to any account you like, but to save time, one is preselected to speed things up. Usually “Cash” will be the default account for manual expenses, this fits most users well.
If this doesn’t fit your workflow, you can easily change the default account that’s suggested.
The financial account that’s listed at top of the account list, is the one that’s suggested by default.
You can change this order by Editing the account list.
Click “Edit” below the account list.
2. The account list will now show up in Edit mode. Notice the new “reorder” icons to the left of the account titles. You can click and drag this icon to change the order of accounts. Reorder as you like and click “Done” below the list to save.
The reorder icon might look a bit different in the mobile app (3 horizontal lines), but it will work just the same.
3. Your new order of accounts is now saved and will be synced across all the devices where you’re logged in to Toshl with the same account. When adding a new entry, the first listed account will be selected by default.
