Cross-platform expense and budget manager versus net worth tracking. Last reviewed 14 September 2026.
Wallet, by BudgetBakers, is one of the most mature expense trackers around: customisable categories, envelope budgets, shared accounts with a partner, spreadsheet export and a real web version. For running a household's day-to-day spending it works well.
Its conceptual frame, though, is cash accounting: money in, money out, in which category. Assets that generate no transactions (precisely the ones that carry the most weight in a typical European balance sheet, such as the home, the pension or the funds) do not fit that model well. And the mortgage shows up as a monthly expense rather than a debt that shrinks.
eXcenda flips the order: balance sheet first, cash flow second. A mortgage is not a €700 direct debit, it is a €140,000 liability that falls every month, and that difference completely changes whether you can tell you are better off than last year.
| Feature | eXcenda | Wallet (BudgetBakers) |
|---|---|---|
| Primary unit | The balance sheet: assets and liabilities | The transaction: income or expense |
| Mortgage | A liability that amortises monthly | A recurring expense |
| Property and funds | Assets with valuation and history | An awkward fit |
| Category budgets | Present, but not the axis | Very complete, its strength |
| Shared finances | Individual wealth focus | Mature shared accounts |
| Simulators | Mortgage, retirement and compound interest | Not included |
| Macro context | Proprietary Macro Stress Index | Not available |
Wallet wins on expense control and shared finances. eXcenda wins the moment the question stops being what am I spending and becomes how much do I have. Plenty of people use one for the month and the other for the year, which is a reasonable combination.
It can record account balances, but its model is built around transactions. Assets with no transactions, such as a home or a pension, fit awkwardly, and the mortgage is treated as an expense rather than a liability.
Yes, and it is a common combination: Wallet for day-to-day spending detail and eXcenda for the balance sheet and medium-term decisions.
eXcenda treats individual or household wealth as the unit rather than splitting expenses between people. If that is what you need, Wallet does it better.
Download the app, log your assets and liabilities in minutes, and track your true net worth without mandatory Open Banking.