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LIFEHACK
FinanceOne weekendmoderate

One Number

Replace a dozen spreadsheets with a single figure you check monthly.

Most people track their money in far more detail than any decision they will ever make. The result is a lot of watching and very little steering.

One number a month, everything you own minus everything you owe, is the only figure that moves when any money decision changes. Monthly gives you twelve points a year. Enough to see a trend. Too few to make you check daily and trade badly.

  1. 01

    List what you own, honestly

    Accounts, investments, property at a careful value, anything you would really sell. Ignore anything you would not.

  2. 02

    List what you owe, all of it

    Every balance, including the ones you avoid opening. The avoided ones are usually the expensive ones.

  3. 03

    Subtract, and write the date next to it

    One line a month, in one place. Not a dashboard. A list.

  4. 04

    Only compare it to your own past

    The question is whether the line is going up. Any other comparison gives you feelings instead of information.

Go deeper

What the paid version adds to this one.

  • How to value things you cannot sell quickly, where most people inflate their own number

  • The three things the trend line tells you that are worth acting on

  • The tracker, plus the yearly review that turns twelve numbers into decisions

  • The version for two people tracking one number together