Thinking about switching from Wallet by Budget Bakers to a more powerful finance app? You’re not alone. This step-by-step guide walks you through migrating your data from Wallet, understanding what you’re gaining, and setting up a forecasting-first finance system that won’t leave you stranded.
Why Wallet Users Are Looking for Alternatives
Wallet by Budget Bakers used to be a solid option for manual expense tracking. A Prague-based app launched in 2010, it offered multi-currency support, bank sync across 15,000+ institutions, and a clean interface at a reasonable price ($3.79/month or $22.99/year).
That reputation has been eroding. Since late 2024, complaints have accelerated on Trustpilot and app store reviews. The pattern is consistent: bank sync connections breaking with no fix, the web app stuck in permanent “synchronisation” loops, transaction categories resetting to “unknown,” and — most concerning — reports of lost financial records. Users who had years of transaction history logged have seen data disappear.
Support response times have slowed to near-silence. Multiple users report weeks without a reply. Tracxn lists the Wallet entity as deadpooled, and the parent company BudgetBakers has reportedly reduced its team significantly in recent filings.
If you’re reading this, you’ve probably hit one of these walls yourself. This guide walks you through exporting your data from Wallet, understanding what you’re actually losing (and gaining), and setting up a finance system that won’t leave you stranded.
Step 1: Export Your Data from Wallet
Before you do anything else, back up your transactions. Wallet supports CSV and XLS exports, but only from the web app — not the mobile app.
Here’s the process:
- Log into web.budgetbakers.com
- Navigate to the Records section
- Use the filters on the left to select the date range, accounts, and categories you want to export
- Click the export button and choose CSV or XLS format
- Save the file to your computer
What gets exported: Transaction date, amount, category, account name, and notes.
What doesn’t get exported: Budgets, savings goals, recurring payment schedules, or any custom settings. These exist only inside Wallet and are not portable. You’ll need to recreate them in whatever app you move to.
If you’ve been using Wallet for years, export in chunks by year. Large exports have been reported to fail or produce incomplete files. Verify row counts against what the app shows. Also consider exporting sooner rather than later — if the product continues its current trajectory, even the export functionality may become unreliable.
Step 2: Understand What You Actually Need
Before picking a replacement, take an honest look at how you were using Wallet. Most users fall into one of three categories:
Manual trackers — You entered expenses by hand and used Wallet primarily as a spending log. You never connected a bank account. This is the simplest migration because your workflow doesn’t depend on proprietary integrations.
Bank sync users — You relied on Wallet’s automatic transaction import. You need an app that either offers reliable bank sync or gives you a manual workflow efficient enough to replace it.
Planners — You used budgets, goals, and possibly the forecasting features. This is where the gap is widest, because most budgeting apps focus on tracking what already happened rather than projecting what comes next.
If you’re in that third group, you’ve likely already noticed the core limitation of most personal finance apps: they’re rear-view mirrors. They show you where your money went, not where it’s going.
How Wallet Compares to Fyndry
Here’s a direct comparison of the features that matter most to users switching from Wallet:
| Feature | Wallet by Budget Bakers | Fyndry |
|---|---|---|
| Manual expense entry | Yes | Yes |
| Bank sync required | Optional (but broken for many) | No — manual-first by design |
| Financial forecasting | Basic (unreliable) | Core feature — up to 5 years ahead |
| What-if scenarios | No | Yes — model salary changes, new expenses, life events |
| Multi-currency | Yes | Yes |
| CSV import | Yes | Yes |
| Data privacy approach | Bank sync via third-party aggregators | No bank credentials stored, no third-party data sharing |
| GDPR compliance | Claimed | EU-built, privacy-first architecture |
| Pricing | $3.79/mo or $22.99/yr | Free tier + affordable premium (see pricing) |
| Support responsiveness | Weeks-long delays reported | Active founder-led support |
The biggest architectural difference: Fyndry doesn’t start from your past transactions. It starts from your future — recurring income, fixed expenses, planned purchases — and projects your cash flow forward. Past spending informs the model, but the app is built around answering “what happens next?” rather than “what happened last month?”
Step 3: Import Your Data
Once you have your Wallet CSV export, you can bring your transaction history into Fyndry. The import process maps Wallet’s category structure to Fyndry’s system, and you can review and adjust mappings before finalizing.
A few tips for a clean import:
- Clean your CSV first. Remove any rows with missing amounts or corrupted categories (the “unknown category” bug in Wallet often produces these).
- Standardize date formats. Wallet exports dates in the format your account was set to. Make sure it matches what your new app expects.
- Merge split exports. If you exported by year, combine them into a single file before importing, or import sequentially starting with the oldest data.
Your transaction history gives Fyndry context for building better forecasts. The more data it has, the more accurate your spending patterns and projections become.
Step 4: Rebuild Your Budget Structure
This is the part you can’t automate. Wallet doesn’t export budgets, goals, or recurring payment setups, so you’ll need to recreate them.
Start with the essentials:
- Recurring income — Salary, freelance payments, any regular inflow. Fyndry uses these as the foundation of your cash flow forecast.
- Fixed expenses — Rent, subscriptions, loan payments, insurance. Set the frequency and Fyndry projects them forward automatically.
- Variable spending targets — Groceries, dining, entertainment. Set monthly targets based on your Wallet history (your CSV export helps here).
- Planned future events — This is where Fyndry diverges from Wallet entirely. Planning a car purchase in 8 months? A salary negotiation? A move to a new city? Model these as what-if scenarios and see their impact on your projected cash flow.
Most users find it takes 20–30 minutes to rebuild their budget from scratch — your experience may vary depending on the number of categories and transactions you create. It feels like effort upfront, but you end up with a cleaner, more intentional financial structure than what accumulated organically in Wallet over the years.
The Privacy Question
One reason many Wallet users chose it initially was the option to use it without bank sync — as a manual tracker. If that’s you, privacy probably matters.
Wallet’s bank sync (when it worked) routed through third-party aggregators like Salt Edge. That means your banking credentials and transaction data passed through intermediary services. Even if you never used bank sync, the app’s architecture was built around that model.
Fyndry takes a different approach. There is no bank sync — not as an option you can skip, but as a deliberate architectural decision. Your financial data stays on your device and in your encrypted cloud sync. No third-party aggregators. No banking credentials stored anywhere. For users in the EU, this also means cleaner GDPR compliance, because there’s simply less data flowing through fewer systems.
If you left bank sync turned off in Wallet because you didn’t trust it — Fyndry was built for exactly that mindset.
What You’re Gaining by Switching
Moving away from a familiar app is friction. Here’s what makes it worth it:
Forward-looking finance. Instead of just tracking what you spent, you can see projected balances weeks, months, or years ahead. This changes how you make decisions — you stop reacting to bank balances and start planning around cash flow.
Scenario modeling. “What if I get a 15% raise?” “What if I take on a car payment?” “What if inflation hits 8% next year?” Fyndry lets you model these as separate scenarios and compare outcomes side by side. This is the feature Wallet never had — the ability to stress-test your finances before making a decision, rather than seeing the impact only after money has already moved.
An app that’s actively maintained. Wallet’s support backlog and reduced team size suggest a product in maintenance mode at best. Fyndry is in active development with a public roadmap and a founder who responds to feedback directly.
A simpler data model. No broken bank sync to troubleshoot. No mysterious category resets. Your data goes in manually or via CSV import, and it stays exactly how you put it.
Ready to Switch?
If Wallet served you well for a while, that’s fine — no tool is permanent. What matters is that your financial data works for you, not against you. Export your transactions, bring them into a system built for what comes next, and start planning forward instead of looking back.
Fyndry isn’t available yet — it’s launching later in 2026. But you can join the early access waitlist now to be among the first to try a finance app that actually forecasts your future — no bank connection required.
For a deeper feature-by-feature breakdown, check the Fyndry vs Wallet comparison page.