Category: iOS Tutorials

How to Track Loans, Repay Debts and Deal with Your Friendly Neighbourhood Loanshark (iOS)

Toshl_2.0_monster_0057_58We have almost certainly all been there at some point – borrowing money, launder loaning money, forgetting about loans, etc. Be it a small amount for drinks, because you forgot your wallet, or a bigger sum because you chose to buy something expensive that you obviously really, really, really needed.

So, how to go about tracking and dealing with the dynamics of loaning and borrowing money? Fear not, for Toshl is here for you again, not in the money loaning business though, but in the business of helping to track loans and debts – or simply Hilfespurverleihenborgengeschäft, as the Germans would put it.

 

Track major debt repayments

Let’s say I want to buy a new Ferarri for $3200, but I am just $3100 short for it. What do I do? I go to a guy* I heard you can get a loan from, that hangs out behind the parking garage in the shady part of town every other night (because he has kids). I ask him for a donation towards my cause and after a few laughs, I promise I would pay him back in ten months with $1900 interest. I get the money, and now I have to settle the $5000 debt in ten months, which makes for $500 per month. Because I use Toshl, the best loan app around, I know this will be a piece of cake and I will not get my legs broken in the process.

 

1. Add income marking the received loan

I put the $3100 in Toshl as an income, category ‘Loans’, account ‘Cash’, plus I put ‘Drago’ in the description – which is supposedly the guy’s name and also means ‘expensive’ in some languages. Just so I can be precise when I tell my grandchildren about my first Ferrari.ios_inc1

Ok, we got the money, we got the income from the loan marked, now to go about tracking the debt.

 

2. Add a new account to track the repayment of debt

I make a new account for the debt, called ‘Drago’ and set up the initial balance as ‘-$5000’ which is the total amount of the debt, including the interest.
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3. Add transactions to note the debt repayments

To note the repayments as I return the money to Drago in monthly instalments, I make a transaction of $500 from account ‘Cash’ to account ‘Drago’, date it on the day of the first payment, set it up to repeat every month for ten months and set up reminders for it. Now I will be reminded to take the $500 to him every month, and the ‘Drago’ account will get out of red numbers over the ten months.ios_adtr

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That’s it!

 

Track smaller loans to friends

Let’s take a look at another, simpler case. Let’s say I lend $4.99 to a fellow car enthusiast for a little 1:100 plastic Ferrari model.

 

1. Note the loan as an expense

I give him the money, put it in Toshl as expense, category ‘Loans’, account ‘Cash’.

If this is a one-off loan, I can put the guy’s name in description. If I lend to this guy often, I could also put his name in a new tag on the expense. That way I can easily sum up everything he owes me.ios_adex

 

2. Note the loan repayment as an income

When he pays me back after seven and a half months, I just enter it as an income with appropriate tags, etc. This way I can always track borrowing and loaning entries.

Alternatively, I could just erase the loan expense, but that wouldn’t give me any insight on the loan later on.

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Bob’s your uncle! Use whichever method works best for you or be creative and invent your own system. That’s it for now from our secret volcano base, ta ta!

*Toshl does not recommend taking loans from random guys behind the parking garage, nor can we provide phone numbers of any specific guys providing such loans. A bank would probably still be a better bet, although their moral compasses might not be in much better shape, compared to the guy behind the parking garage.
Posted in Debt, iOS Tutorials, Personal finance, Tips & Tricks, Tutorials

Emojify your finances

In Toshl Finance, every expense or income gets a category, so you can quickly note what you’ve been spending on.

capture-decran-2016-09-22-13-46-58

When you first sign up on Toshl, your account comes pre-filled with some of the more commonly used categories and tags, which should cover most of your needs. That way, you can start using it immediately and not worry about setting up an entire tagging system from scratch.

Our financial lives can differ quite a bit, so it’s important to keep this system versatile. That’s why you can add new, custom categories and tags to fit whichever purpose your spending goes towards. Every existing category or tag can also be edited.

To keep this categorisation system easily customisable and universal, Toshl does’t add icons to any of the categories in advance. But this doesn’t mean you can’t liven up your Toshl account with icons yourself.

No need to get out your drawing pencil or start looking for images around the internet. Luckily we have emoji! A handy collection of icons, already there in a virtual keyboard near your fingertips.

 

How do I add emoji to my personal finances?

Simple, when adding an expense add a new category or tag. When typing in the name, switch the keyboard to emoji and tap in whichever title and emoji you want.

Spice up European UnionAdding a category for my projects to spice up European Union politics.

You can add an emoji icon in addition to your text category or tag. If you’re more courageous and sure to understand your symbolism later on, you can also opt to save categories with only emoji instead.

At the moment, categories and tags can be added in both native mobile apps (Android, iOS) and web apps, but editing existing categories and tags is only available in the web app.

To add emoji to your existing categories, log in on toshl.com then go to Expenses / Edit categories.

Click on a category or a tag inside a category, click Edit next to it and fill in the name with the emoji.

emoji keyboard mac

 

How to activate the emoji keyboard on a Mac?

Press the keyboard keys control + command + space bar simultaneously and the emoji panel will pop up.

You can also click Edit in the menu bar on top of the screen, then click “Emoji & Symbols

 

How to activate the emoji keyboard on Windows 10?

Click the touch keyboard icon in the bottom right corner of the screen.

The on-screen keyboard will open up. Click the smiley face emoji icon, just left of the space bar.

Emoji keyboard will open up. You can change emoji categories in the bottom row.

Once you’ve done a bit of editing your categories can look like this:

capture-decran-2016-09-22-13-38-54

The new categories will liven up your expense adding and lists as well.

capture-decran-2016-09-22-13-36-28

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Any changes you make to your categories and tags in the web app will automatically sync to your iOS and Android mobile apps.

Add expense with emoji on iOS

Expense list with emoji iOS

As makers of mobile and desktop operating systems each design and use their own set of emoji, the style might look a bit different when seeing them on a different platform. The emoji will be the correct ones, with the same meaning, but the styling of the icon might vary a bit.

 

 

If you’ve set up a very nice custom system with your emoji we’d love to see it. Perhaps we’d even publish it in a future tutorial or post, with your express permission, of course. If you’ve made such a creation, please send it to support@toshl.com. Can’t wait to see what emoji combinations you come up with!

 

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

Filtering Your Financial Data and Making Needles Easier to Find Than Haystacks (iOS)

We have a bunch of filtering options available in Toshl. Let’s take a look at filtering by account in Toshl iOS app.

 

Accounts and time span can be accessed by swiping from the right edge of the screen or tapping the time span in the upper right hand corner of the screen. Like so:

 

Filtering by account

You can enable or disable displaying specific accounts and the entries tied to them. By default ‘All accounts’ are displayed, meaning the app is showing expenses, incomes, budgets, etc. from all accounts.allaccIMG_0114

 

The active setting is shown under time span in the upper right hand corner of the app, so you can quickly asses which accounts are enabled just by glancing. If more than one account is selected but not all, this will be noted as ‘Custom’.custIMG_0116

 

If all are disabled , it will be noted as ‘No accounts’. If only one is enabled, it will display the name of that account e.g. ‘Cash’.noaccIMG_0112cashCCIMG_0110

 

This setting is global and will effect every graph and list in the app – except the budget section. So if you think you are missing some data, check the accounts to make sure.

 

Quick tip:

  • You can also quickly switch accounts or time spans by swiping the account or month left or right. Open the right sidebar, then grab the red button where it says “All accounts” and flick it left or right. That way you can quickly cycle between accounts without setting ON/OFF switches each time.

 

 

Filtering by category, tag and location

 

Filtering by these other criteria is not (yet) available in the mobile apps, but will likely be in the future. Until then, you can use the web app on toshl.com to filter by category, tag or locations.

Check out the tutorial for filtering in the web app.

extag

 

 

There are also detailed filtering options present on the export & reports screen. These are separate just for data exporting and reports, and are basically all other filtering options merged in one screen.

 

That’s it! Check out the filtering, play around with it and always remember to keep an extra bussiness card in your wallet! Just in case you’d need another kind of “filter” altogether. ;)

It’s a good idea to have some extra business cards in any case.

Posted in iOS Tutorials, Tips & Tricks, Tutorials

How to Add Expenses Straight From Your Lock Screen and Avoid Being Eaten by Wild Boars (iOS)

Do you know that feeling of being chased around a thick forest by a wild boar? You run as quickly as you can, heart pumping at maximum, sweat pouring down your face. But, no matter how hard you try, you still cannot escape the thumping of his small, yet surprisingly swift feet, the sound of his loud breathing as he catches up, to sink his sharp teeth into your…
Well, ok, maybe you don’t know the feeling of that exact situation.
Consider for a second though, that moment when you’re at the grocery store cash register, trying to pack all the food into the bags before the cashier hands you the receipt and gives you the evil eye for being so damn slow. It’s the next closest thing to the wild boar situation.
If you’re a thrill seeker like me, you’ll try to up the game and add the grocery expense to Toshl just after handing the cashier the credit card and before getting the bill back. It’s doable: amount, category, tag, save aaand you’re done. The tricky part is unlocking the phone, finding the Toshl app, tapping on Add expense, then doing the actual adding. There is a solution!

The add entry widget on the Today screen (Notification center).

Screenshot Toshl add expense widget
1. Hold up your iPhone, activate the screen and swipe from the top edge.
2. Tap the big red + button.
3. Toshl opens with Add expense all ready, just waiting for you to enter the amount.
The same also works for incomes and transactions between financial accounts. Just tap the green + button for incomes and the grey + button for transactions.

How to set up the Toshl widget?

 

1. Swipe form the top edge of the screen to open the Today screen.

2. Scroll all the way to the bottom of the Today screen and tap the Edit button.

3. Find Toshl in the list of the apps and tap the green + button next to it, to include it on the Today screen.

4. Use the 3 lines icon on the right to drag it to the top (if your heart so desires).

5. Tap Done.Screenshot edit Today screen in iOS Notification center

Next time you open the Today screen, the 3 Toshl add buttons for expenses, incomes and transactions will be available for quick use.
In case you can’t activate the Today screen while the phone is locked, but would like to, make sure you have that option enabled in the iOS settings.
This feature is available from the version 2.0.6 of the Toshl Finance iOS app onwards.
Toshl monster hunter with dog
Happy grocery hunting!
Posted in iOS Tutorials, Personal finance, Tips & Tricks, Tutorials

Hint: Swiping From The Edge Is Better Than Living on It

swipe_menus

Our phones’ screens grow larger, yet our thumbs stay the same. How do we then reach the main menu button or the time span and accounts button on the top of the screen?

Worry not. You can easily swipe from anywhere along the left edge of the screen toward right. This will open the main navigation menu.

The same works on the right edge of the screen. Swipe with your finger from anywhere on the rightmost edge of the screen toward left and the accounts and time span sidebar will open. When done, you can simply swipe them back in the opposite direction.

This can make your use of Toshl a lot quicker and more comfortable for your thumbs.

Posted in iOS Tutorials, Tips & Tricks, Tutorials