Pretty cool infographic explaining how home loans work from the bank’s point of view.
Source: Tomorrow Finance via Cool Infographics.
Pretty cool infographic explaining how home loans work from the bank’s point of view.
Source: Tomorrow Finance via Cool Infographics.
We started developing Toshl for Windows Phone because we liked the platform and saw the potential in it. It’s a beautifully designed OS, even if the experience starts to wear a bit thin after a few weeks and a giant leap for Microsoft. Publishing apps for it though, has turned out to be a very painful experience. From time to time the tale gets so surreal and horrible I sometimes wish Franz Kafka were alive to describe it instead of me.
While it’s possible to download applications from the Windows Phone Marketplace in Slovenia and many other countries, it’s impossible for developers to publish them with their own account. You simply cannot register a developer account. We are not even talking about the possibility of accepting payments, it’s impossible to publish free applications as well. Why they would insist on such a limitation is truly baffling.
So Microsoft Slovenia is kind enough to publish all the apps from Slovenian developers under their account. While that was better than nothing, it also meant that we didn’t have the access to publishing our own app or statistics about how the app was doing. Everything could only be done through email with the Microsoft Slovenia employees. What that also meant is that any phone which we wanted to use for development purposes had to be physically taken to Ljubljana, to the local Microsoft HQ to be unlocked. Doable, but highly annoying and time-consuming.
Imagine badgering employees at another company to hurry up with the upload by email each time you need to publish a bug fix, let alone optimise the description of the app.
We kept working on Toshl Finance, got a lot of new users (with little thanks to Windows Phone), established a US corporation and got accepted into 500 Startups. Since we now had a US company we could finally get our own Windows Phone developer account, get the app there and live happily ever after, right? Not so fast, Mr. Naïve.
When making an account Microsoft’s site would not accept any of three credit cards. One credit card was Slovenian, one French and one US all issued by different banks so I’m pretty sure the problem was on their side. Luckily we were at the 500 Startups offices and were just talking to a Microsoft developer evangelist before and he helped us out so we could create the account without the credit card.
Once we got that done, we wanted to move the app from the old account owned by Slovenian Microsoft to our new one. We were building and improving the app for more than a year after all, got a considerable amount of downloads and great ratings on the Marketplace. As there wasn’t any way to do this in the web interface we contacted the support. The Slovenian Microsoft helped, as well as our helpful developer evangelist in the Silicon Valley. Result after weeks of wasted time: CANNOT BE DONE. They don’t have the “technical ability.”
Their answer was that we had to remove the app from the Marketplace and upload it all again. That meant losing all the download statistics, ratings as well as the inability of existing users to update through the Marketplace mechanism. To be fair, we have the same problem with Apple and the App Store and they’re being even greater assholes about it.
It was a tough pill to swallow, but we had to do it to actually have control over our publishing. We said: let’s do it quickly, like pulling of a band-aid. Take it off the Marketplace first, so we can keep the app name and uploading it the same day. What a mistake to make. Lesson learnt: never take off a live app until you have a replacement already up, rename later.
Beacuse Microsoft (like Apple), manually inspects and certifies each app it takes about a week from the upload to the publishing of the app. Since the app was already present on the Marketplace for a year without a problem we assumed it should be a routine thing and the app will again be available to our users very soon. Wrong again!
It took A MONTH to get the app back on the Marketplace, during which time our users could not download the app, many of them paying users. While dealing with the outfall Microsoft and the Windows Phone certification team kept coming up with stupider and stupider reasons to decline our app.
First we needed to state the privacy policy again (even though it was already explained in the app and our Privacy Policy available on our site). Keep in mind that was all ok for an entire year before and numerous updates. Then they decided that we logged location data without permission. The tracking of the location of the expense was of course completely optional and up to the user, but it was true that it was marked improperly at one place. Again, that was fine for an entire year before then!
Then came the icing on the cake. The third rejection because our app used a Bing map (which isn’t allowed in China), but more importantly, our app was immoral and contained inappropriate material. As such it could not be published in Indonesia, Malaysia, Saudi Arabia, Qatar, Iraq, United Arab Emirates… Keep in mind that Toshl is a personal finance app, it’s not about porn or gambling. Even after contacting their support they refused to elaborate on what was the offensive element.
We do try to put some humour into the apps. For example the Toshl monsters say funny sentences while syncing. We went through them one more time and the absolutely juiciest we could find is “I saw that expense you marked as “other toys.” Naughty.” It shows up randomly during sync and for max. 3 seconds. That was enough to get us banned in all those countries. We had no choice as they wouldn’t explain which exact thing was the violation and our loyal users have been already waiting for more than a month. We also refused to censor ourselves everywhere else due to puritanism of some Microsoft bureaucrats. So we disabled the distribution in those countries and published again. Finally, we got through.
We still had to email all our users, as they couldn’t update automatically from the Marketplace.
The publishing platform on create.msdn.com is of course built with Microsoft tools. Which means forms made in Silverlight. Which means PAIN. When our Windows Phone developer sends me the .XAP file to publish the app I usually publish from my Mac. I need to switch browsers to publish the app and even then it’s a horrible experience. Why?
Google Chrome: Cannot even open the submit form, keeps loading in perpetuity.
Firefox: The same.
Safari (what I use in the end): Can open the form, but each time I hit space in one of the text fields it jumps to the bottom of the page, making it impossible to edit any text and actually seeing it.
Furthermore the page is confusing and the statistics poor. Microsoft bury Silverlight once and for all!
The results in new users from publishing on the Windows Phone Marketplace are also very low. Negligible compared to the the App Store or the Android Market. I suppose you could also blame this on us and our promotional skills but we did quite a few things to get Toshl Finance better numbers on the Marketplace, got reviews on a lot of the Windows Phone dedicated sites etc. Quite simply there aren’t a lot of Windows Phone users. In the Toshl Finance ecosystem there’s even a few percent more BlackBerry users and A LOT more Symbian^3 and MeeGo users than Windows Phone.
We were talking to a Windows Phone developer evangelist a while back about how we could get our app featured in the Marketplace and get more users that way. We do have a 5 star rating in the Marketplace and the users love the app, problem is getting exposure. Don’t believe the 5 star? Check out the app on the Marketplace.
We wanted to get the app on our account first, how quickly that went you already know. They told us that we’d have a lot better chance with more Windows Phone specific features, like live tiles and to try and apply later on. Live tiles are a great idea, we love them and they really make understanding your finances at a glance easy, so we went for it.
Talking to the Windows Phone evangelist today we found out there’s basically no way to get into the Marketplace nomination program currently and that they’re only focusing on promoting the upcoming Windows 8 apps…. Not even on the phone (for which SDK isn’t available), but on the desktop. He also mentioned we should do desktop app as well. Yeah right. After a developer relationship like this, who in their right mind would hop on another “burning platform” of theirs.
Microsoft and the Windows Phone team: Get your act together! If you think you can make your platform matter on mobile while offering such experiences to developers you are sorely mistaken.
We’ve have a new update of Toshl Finance for Windows Phone for you with new goodies that we’re sure you will love. To get all the new goodies, you will have to re-download the Toshl Finance app from the Marketplace.
Live tiles
The most important thing we’ve added in this new release are live tiles. You can pin them on your home screen and they’ll let you know how your finances are standing with a simple glance of your phone.

Sum up
See your current balance and how it’s been changing in the last week.
Budget
Pin any of the budgets you have made as a live tile on the home screen. You’ll always know how much you have left to spend on those coffees and snacks this month.
Add expense
Pin the add expense button and make expense entry extra quick. Tap the live tile, amount, tag, save aaaand you’re done. Adding expenses has never been quicker.
How to get the new version:
1. Make sure all your expenses are synced to toshl.com
2. Uninstall Toshl Finance
3. Go to the Windows Phone Marketplace and install Toshl Finance
4. Log in, your expenses will be automatically synced
Why?
We’ve been changing our publishing accounts on the Windows Phone Marketplace so we can finally have control over publishing. Sadly it’s not possible to move an existing app to a new account, so we had to remove it first and create a new one. A side effect is that the Toshl app you downloaded before will not update automatically. All updates after this one will be available automatically. We’re very sorry for the inconvenience, we wouldn’t have done this if it wasn’t absolutely necessary.
Thank you for your patience and we hope you’ll enjoy the new live tiles!
guest post by Melissa Tosetti
What I’ve learned over the last 15 years of living The Savvy Life and eight years of writing about it, teaching it and working with clients is that money affects everything. It affects where we live, what we eat, how we dress and what we do with our free time. What you spend in one area directly affects how much you have left to spend in the other areas of your life.
This idea of how money affects everything goes beyond saving money at the grocery store or waiting until those new pair of boots go on sale before buying them. It’s about…
To illustrate this point, I’ll give you a brief comparison that I use in my book, Living The Savvy Life, of the lives of the proverbial Average Woman and that of a Savvy Woman:
An Average Woman has no idea how much money is in her checking account at any given time. She often uses her debit card with a knot in her stomach, hoping it will not be declined.
She has a closet overflowing with clothes, few of which can be pulled together into a complete outfit. Many of the clothes in her closet still have the tags on them because she realized she has nothing to wear with the item once she brought it home. She continues to purchase clothes at random, always feeling the need to buy more.
She finds herself in the drive-thru several days a week because her kitchen cupboards are bare. When she does buy groceries, she does so without a plan and isn’t quite sure what to do with them once she gets home. When she goes to her favorite high-end restaurants, she feels a tinge of guilt as she pulls out her credit card to pay the bill.
She takes a vacation at least once a year with several weekend getaways interspersed. She finds herself preoccupied while on holiday since she was just on the verge of paying off her previous vacation when she headed out the door.
An Average Woman is a consumer who keeps buying, hoping the next item she purchases will magically create the life she so desperately wants.
A Savvy Woman knows exactly how much money she has in the bank and always spends less than she makes. Her growing savings account gives her a confidence that is visible to others.
She has a pared down wardrobe comprised only of clothes she loves, look great on her and make her feel good. She is a style setter, not a trend follower. She never purchases an item for her wardrobe unless she has fallen in love with it.
She cooks the majority of her meals at home. She has numerous dishes mastered and is always on the lookout for new recipes to add to her repertoire. She has a black belt in grocery shopping, and her pantry and refrigerator are stocked full of ingredients ready to be made into delicious meals. The fact that she cooks the majority of her meals at home allows her to enjoy the occasional meal out at her favorite high-end restaurant, without guilt to spoil the experience.
She has an appetite for adventure and consciously saves money for those long weekends away and the trip to Italy she has been planning for the past year. When she vacations, the trip is paid for prior to departure, so it is a true holiday.
A Savvy Woman picks and chooses what she brings into her life, being selective versus mindlessly consuming. This control over her financial life allows for even greater joy of life.
Are you ready to start Living The Savvy Life?
Melissa Tosetti is the author of the financial lifestyle book , Living The Savvy Life and is the founder of The Savvy Life, a day-to-day financial education company.
Toshl helps you take control over your spending, so you never get sucked into a debt spiral. But what if you’re already in it? No need to panic, here’s a cool app that can help you get back to zero and beyond.
ReadyForZero is a free service that helps you plan your way out of debt. Here at Toshl we like it a lot as we believe it shares some of our core design values and also complements our service nicely.
Here’s how it works. Upon sign up, you securely link your credit card or loan accounts and all your debts are imported automatically. Then you are presented with a nice and easy to use interface where you create your optimal plan to pay off your what you owe. Based on how you set your monthly payment, the app calculates the total interest you will be paying and how much you will be saving compared to if you were only paying your minimum payments, as well as how much sooner you will be debt free. You wouldn’t believe how big a difference even a small adjustment can make. Woohoo, I’m saving $2676 dollars! Now I can go buy myself the new iPad!
Not so fast, my friend, deciding on a plan is only the beginning. To make sure you fulfill on your resolution ReadyForZero sends you payment alerts, weekly emails, tracks your progress and even suggests concrete actions that can help you towards reaching your goal like “explore debt consolidation” or “stop using your credit cards for everyday purchases”. One to add to the list: take control over your spending with Toshl. And another one: wait a while before buying that iPad.
ReadyForZero already helped many people. You can read their stories on their blog. The amount of consumer debt in many countries around the world is at alarming rates. In United States alone, the total consumer debt is nearly $13.22 trillion. That’s $42,500 debt per person. ReadyForZero seems to be determined to bring that number down. Recently they also launched a petition to Congress to not increase interest rates on student loans. We support you guys!
ReadyForZero is available on the web and now also on the App Store, currently only in the United States. If you can, certainly try it out and let us know what you think!

Written by Miha Mlakar