Developer: Toshl Inc.
Price: Free
Version Reviewed: 1.7.7
Device Reviewed On: iPhone 5

iPhone Integration Rating: ★★★½☆
User Interface Rating: ★★★½☆
Re-use Value Rating: ★★★☆☆

Overall Rating: ★★★½☆

Toshl Finance is a personal finance app for tracking expenses and income, as well as for creating budgets. The free version has some significant limitations, so it won’t appeal to everyone, but could be all that someone with a simple financial situation might need.

Immediately upon launching the app, users have to make an account, which will work on both the device and on During the registration process, users select their currency; people who live outside the US will be happy to hear that other currencies besides the US dollar are available as options.

The marquee feature in Toshl Finance is the expense tracker. Users have to enter the price, name, and date of the expense. Other options include adding tags, a description, and whether that expense repeats. Users can also opt to have the app notify them every day at a certain time to enter expenses.

The counter to expenses is of course, income. Just like with expenses users can enter income sources, but in the free version, users can only enter one source of income. For people with one paycheck that will be fine, but this is a significant limitation for anyone with multiple sources of income. Using both expenses and income, Toshl can sum up everything to show a person’s net balance.

Another key feature in Toshl Finance is creating and managing a budget. The budget can be set for various time periods, and can apply to all categories or just certain tags. If it is set for certain tags, then any expenses with that tag will automatically be deducted from the remaining balance. Only one budget can be created in the free version, so anyone who likes to keep separate budgets for different categories will have to upgrade or consider other apps.

In the free version, users can export their information in a CSV format. Other formats, like PDF and Excel are available, but only to pro users. The app also backs up the data to automatically for free.

A yearly subscription of Toshl Finance is $19.99 and a monthly subscription is $1.99. Upgrading to a pro account includes a lot of additional features and has no limitations. I personally would have liked if the developers had included the option to do one time purchases for certain options and features, like the ability to add more than one income source.

The free version of Toshl Finance is the perfect app for easily tracking expenses and one source of income. Also, people who only want one budget won’t have problems with the limitations. More financially sophisticated users on the other hand will either want to pay for all of the features or consider other apps.

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