Toshl Blog

New currencies: Dash, Doge, Linden and a bunch of Bolivars

We’ve updated the currencies in Toshl and added six new ones. This brings the total number of currencies in Toshl to 196! All have constantly refreshed exchange rates, so you’ll always get the right one.

 

Three are new crypto or alternative currencies which haven’t been supported before:

Three are different versions and rates of the Venezuelan Bolivar, due to the devaluations and capital controls in the country.

There are now 4 versions of the Venezuelan Bolivar available

  • Venezuelan Bolivar Fuerte (Bs. F.)
  • Venezuelan Bolivar (DICOM)
  • Venezuelan Bolivar (DIPRO)
  • Venezuelan Bolivar – Black Market

First 3 are official rates using different mechanisms, while the last is the rate on the black market which might be the real rate for a lot of Venezuelans due to the capital controls and frequent discrepancies of official rates.

 

We hope this will make managing your finances easier, whichever currency you may use.

This Shiba Inu is already happily hanging out with Toshl monsters when not counting his DogeCoins.

Posted in Announcements

Budget notifications that help you stay on track

You’ve made your financial plans and set up your budgets to meet them. You know where you’d need to save more. Then comes the harder part of budgeting. Sticking to your budget plans.

We’ve recently introduced a new feature to help you do that. Toshl will now send you notifications reminding you of your budget goals.

The notifications are based on comparing your current spending, budgeting goals and the time that has already passed in the budget period.

 

Nudges during the budget period

Let’s say you have a monthly budget.

20 days have already passed (66 % of the time in the month), but you have only spent 30 % of your budgeted money. Naturally, we shall sing praises of your saving skills. Deservedly so.

On the other hand, if you have already spent a larger proportion of the money in your budget than the proportion of time that has passed, we’ll warn you that the budget is going the wrong way.

monthly budget overspending notification

The warnings won’t be so harsh you couldn’t look yourself in the mirror, but hopefully a gentle notification nudge will suffice to ween you off your sinful budget-breaking ways.

Both types of notification get triggered once you’re 10 % or 30 % above or below your budget goals for this point in time.

 

Recap at the end of a budget period

All is well that ends well, they say, but what do they know anyway? Who are they to know things? Anyhow, when the budget period ends, Toshl will remind you of how you did.

Hopefully you did very well and budgeters everywhere will worship at your feet in awe of your majestic budgeting skills. If not, Toshl will tell you just how naughty you’ve really been.

 

Account balance notifications

In addition to the budgets, Toshl also keeps an eye on your overall account balance. If the balance of all accounts dips below 0, comes above it again or you hit 0 exactly, Toshl will let you know.

back in positive balance notification

 

Notifications on mobile devices and email notifications

The notifications can come in two different forms. They can be delivered as mobile app notifications or as emails.

By default, only the mobile notifications are turned ON. They will show up in the notifications on Android and iOS as well as inside the Toshl app on the Monthly overview screen.

Tap on the notification and it will open the budget in question, so you can check what happened.

You can also set the notifications to be sent to you by email as well. This is especially useful if you only use the Toshl web app or would like to be extra sure you won’t miss any important warning.

 

Turn the notifications ON or OFF

Both the app and email notifications can be turned ON or OFF in the app Settings / Notifications. You can set this in either the mobile app* or the web app. The settings will be in sync across your devices.

notification settings in the Toshl Finance web app

 

May your budgets stand the test of time and notifications bring you nothing but good news!

 

Toshl monster with feather pen and sealed paper

 

 

*Full notification settings are currently available in the web app and the Android app. Coming soon to iOS as well.

Posted in Announcements

Hint: Zero-in on a location. All you need is a comma.

A new feature gradually appeared in the Toshl Finance apps in the recent months. Wondering if you’ve noticed it already?

 

Let’s say you’re adding a location to your expense or income, but are already far away from the place where the purchase happened. Normally, Toshl suggests closest places around you. When you search, it will also search for venues in an about 30 kilometre radius. That can be quite useless when already further away.

 

That’s why you can now specify the town or city where the expense took place. Simply type-in the name of the venue you’re looking for, add a comma (,) and add the town or city where the venue is.

 

For example, let’s look for a pub called “Godec” in Ljubljana*, the capital of Slovenia.

Search for: “Godec, Ljubljana”

 

location searching with town / city parameter

expense with foursquare location selected

 

There you go. Your beers can now be properly attributed to your purveyor of choice, even if you’ve only thought of noting it in Toshl the next day.

 

*Yeah, Ljubljana is actually spelled that way. Pronunciation isn’t that difficult though, just go with: “Loo-blah-nah”, like most locals do.

Posted in Android Tutorials, Announcements, iOS Tutorials, Tutorials, Web App Tutorials

Two-factor Authentication Now Available in Toshl Finance Apps

New feature time! This one will help make your Toshl account more secure, just in case.

 

We’ve added two-factor authentication to Toshl.
You can turn it ON in the user settings (Me) in the web app.

 

You’ll need an up to date Toshl app for this to work. Most likely, it has already updated automatically.

 

2-factor authentication is supported in:

Toshl Finance for Android – version 2.0.17 and higher

Toshl Finance for iOS – version 2.0.14 and higher

Toshl Finance Web App – always up to date

 

 

Once two-factor authentication is turned on, your account will be protected by an additional code generated by an authentication app every 30 seconds. If anyone manages to guess or obtain your password, they won’t be able to log in without that extra code.

It’s optional, but we recommend everyone to set it up.

See the tutorial Two-Factor Authentication and How to Use It for more info on how it works and how you can set it up yourself.

 

 

The newest apps also contain some hints of things to come in Toshl Finance. Did you find them? Perhaps our Florentine friends can offer some insight?

Leopoldo Medici Toshl monster

Posted in Announcements

Two-Factor Authentication and How to Use It

What is two-factor authentication?

Two-factor authentication is an extra layer of security for accessing your Toshl user account. You would normally log in to Toshl with your email and password, or using the Facebook and Google log in options. That’s the first authentication factor.

When you activate two-factor authentication, Toshl will ask you for another code before you can log in. That authentication code is a 6-digit number, which you get from a special app on your phone or computer.

The authentication code is generated automatically according to an algorithm. Unlike your password, the authentication code changes every 30 seconds. That means you’ll always need the authentication app on your phone present to log in.2-factor authentication Toshl web app

 

 

Why is two-factor authentication important?

It makes it much harder for someone to gain unauthorized access to your account. While protecting your account with a good password is usually enough, there can be circumstances where such an extra security barrier is very useful.

For example, if you used the same password on another service which gets hacked, the details can leak revealing your password. Perhaps someone can guess your password or gain access to your Facebook or Google account. In such cases, someone could try logging in with that password to Toshl as well.

If you have two-factor authentication enabled and set up on your phone, they would also need physical access to your unlocked phone to be able to log in, which would likely prevent them from accessing your Toshl account.

While two-factor authentication provides an important extra layer of security, it’s still important to take basic security precautions:

  • Use hard to guess passwords, which are also long enough to be difficult to guess with automatic attempts.
  • Do not use the same password on several services.
  • Always log out of Toshl when using it on devices used by multiple people, or on devices which you leave unlocked.
  • Lock your devices with a code/password.

Toshl monster with a number and shut mouth

 

 

How do I set up two-factor authentication?

  1. Go to toshl.com and Log in.
  2. Go to user settings (Me) in the main menu and turn ON the option Two-factor authentication.

  1. A wizard will open, guiding you through the process.
  2. Download an authentication app on your phone.
  3. Add a new code in that app by scanning the QR code on your screen.
  4. Download the file with recovery codes. This is important. In case you lose your phone, these codes will enable you to log in. Save them in a safe place.

text file recovery codes download icon

  1. Type in the newly generated code to Toshl to confirm all is working well and finish activating two-factor authentication.
  2. Great success! Much rejoicing. 2-factor authentication is now active whenever you log in.

great success bathing suit monster

 

 

What are these authentication apps? Which ones can I use with Toshl?

This kind of two-factor authentication follows a common standard, so there are a whole bunch of apps which can help you with generating these authentication codes, once you set it up like described above.

Below are some popular authentication apps that we found useful. You can use others as well, just make sure you pick one from a trustworthy developer.

Google Authenticator (Android, iOS)

Microsoft Authenticator (Android, iOS, Windows Phone)

Authy (Android, iOS)

 

Password managers with support for two-factor authentication codes

1Password

LastPass

 

Do I have to enter this every time? Which Toshl apps demand the extra code?

You have to enter the code every time you log in, provided you were logged out before.

The web app will require the extra code whenever you log in anew. If you check the “Remember me” option when logging in, Toshl won’t request the two-factor code until the next time you Log out, or the session expires. So if you log in using “Remember me” then just close the browser without logging out, you likely don’t need to enter it again the next time you open toshl.com.

The mobile app will also require the extra code whenever you log in anew. So you just enter the two-factor code the first time you log into the app, then your log in is remembered unless you log out in user settings (Me) of the mobile app.

If you re-install the app or log out, you will need to enter it again.

two-factor authentication on the Toshl Finance Android app

It’s a good idea to lock the Toshl app with a passcode or fingerprint as well as your entire phone.

 

What if I lose my phone or accidentally delete the authentication app?

Try not to (👨‍✈️ salute to Captain Obvious). If you do, you can log in using the recovery codes you saved during the set up process.

It’s very important to save the recovery codes and store them in a safe place. Save them on your computer, external drive or even print them out, if you’re more certain you’ll find them that way later on.

Recover code 2 factor authentication Toshl web app

 

When Toshl asks you for the authentication code, click the option to log in using recovery codes. Enter it and log in. Each code can only be used once, so you have 10 log-ins with the codes available altogether.

If you permanently lost your phone or deleted the authentication app, go to user settings (Me), deactivate the two-factor authentication, then set it up again using the new device/app.

 

Why not send authentication codes via SMS?

We realize that’s what a lot of other services do, but that way is less secure. It depends on your mobile phone service provider, but in lots of cases it didn’t take much social engineering for dedicated hackers to convince them to transfer the phone number to another SIM card. That way, your authentication codes could be intercepted without you even knowing. There have been cases of this happening in the past.

 

 

monster with a safe

Posted in Android Tutorials, iOS Tutorials, Tips & Tricks, Tutorials, Web App Tutorials