Alternative
A free Toshl Finance alternative worth trying
If you're weighing up Toshl Finance, it helps to know exactly what it's good at and where it might not fit — before you switch.
This is an honest look at Toshl Finance, followed by where Balance is a strong free alternative and where Toshl Finance might still be the better call.
Free · No ads · Made in India · Android (iOS coming soon)
What Toshl Finance is
A playful, cross-platform budget tracker with a paid Pro tier.
What Toshl Finance does well
- Friendly design and cross-platform apps
- Budgets, multi-currency and exportable reports
- Bank connections available in supported countries on paid plans
Pricing model
Freemium: a limited free tier with paid Pro and Medici plans.
Where it may fall short
- The free tier is limited; many features require a paid plan
- Bank connections are limited to supported countries
- Not tailored to Indian payments like UPI
Who should stick with Toshl Finance
People who like its design and want cross-platform budgets on a paid plan.
Where Balance is a strong alternative
Balance is a free, ad-free expense tracker built for India. People who want India-first tracking free, with no subscription needed.
It scans receipts and UPI screenshots, runs full analytics for free, never asks for a bank login or SMS access, and works offline-first with an encrypted cloud backup.
Beyond Roast Mode's overspend nudges, you get a subscription and bill tracker with renewal reminders, home-screen widgets, multiple accounts and wallets, and one-tap CSV export, all free.
Switching over
Balance doesn't import from Toshl Finance directly. The practical path is to start fresh from the beginning of a month — set up your accounts and categories, and begin scanning or logging spends. Because most people track forward rather than backfill, this is usually a clean, quick switch.
| Feature | Toshl Finance | Balance |
|---|---|---|
| Price | Freemium (paid plans) | Free |
| Ads | No ads (freemium) | None |
| Receipt / UPI screenshot scanning | ||
| Requires bank login / SMS | Manual entry, bank sync on paid plans in some countries | No |
| Offline-first capture | Partial | |
| Built for India (₹, UPI) |
Frequently asked questions
Is Balance a free Toshl Finance alternative?
Yes. Balance is free to use with no ads and no mandatory subscription, which makes it a genuine free alternative if cost or ads are why you're leaving Toshl Finance.
Can I import my data from Toshl Finance?
There's no direct importer. Most people switch by starting fresh at the start of a month, setting up accounts and categories, and tracking forward from there.
What are some apps like Toshl Finance?
Popular apps like Toshl Finance include Money Manager (Realbyte), Monefy, YNAB (You Need A Budget), Monarch Money. If you want something free with no ads, no bank login and UPI-screenshot scanning, Balance is built for exactly that.
Does Balance connect to my bank?
No. Balance never asks for a bank login, net-banking credentials, or SMS access. You add transactions yourself — by scanning a receipt or UPI screenshot, or entering them manually — so nothing sensitive is exposed.
Keep exploring
Start understanding your money with Balance.
Free forever, no ads, no bank login. Download it on Google Play and start tracking in minutes.