Hugo separates your data by how it behaves. Putting an item in the correct section is important because asset class, liquidity, deposits, and debt all affect different metrics.
Financial assets
Use Financial assets for money held at an institution. First create the bank, broker, pension provider, crypto platform, or other institution. Inside it, create each account or product separately—for example a checking account, EUR savings account, brokerage portfolio, or pension.
Physical assets
Use Physical assets for items not held in a financial account: real estate, vehicles, watches, art, and similar tangible assets. A physical asset is created first and receives its value through a separate valuation entry.
Liabilities
Add mortgages, consumer loans, credit cards, and other debts under Liabilities. Enter the outstanding balance as a positive number; Hugo subtracts it from net worth automatically.
Income and Expenses
These sections contain current recurring monthly amounts, not a transaction history or detailed budget. They power Cashflow Simulator, Cash Runway, Savings Rate–related context, FIRE metrics, and passive-income metrics.
A reliable setup order
- Add all institutions.
- Add each account within the correct institution.
- Add current account balances.
- Add physical assets and their current valuations.
- Add liabilities and outstanding balances.
- Add recurring income and expenses.
- Complete a monthly closing to create a consistent checkpoint.
Avoid adding the same value twice. If a brokerage product’s balance already includes its cash position, do not add that cash as a second account unless it is genuinely separate.