Reporting period: 15 Apr 2024 - 31 Dec 2024 / Entity: Bill / Episodes: 9 recorded
Opening balance / 15 Apr 2024
FY 2024 opens on 15 April 2024: Bill graduates, turns 24, and receives 1,000 euro as a gift. No job, no savings history, no debt. This is the baseline.
April and May are months without income. Bill spends approximately 200 euro per month while searching for work, covering transport, phone, and social expenses. By the end of May he has 600 euro remaining.
In June 2024 he starts his first job at 900 euro net per month. He still lives with his parents, so his fixed costs are minimal. The monthly surplus is 495 euro. In July he buys a smartphone for 400, capitalized as a fixed asset. By December, after actual Christmas spending of 420 against a 300 plan, his cash reaches 2,970 euro. With the smartphone at net book value 345, net worth closes at 3,315.
Statement of Financial Position
EP.01 / System opens
1,000 euro. Where does it go?
EP.02
Two months without a salary: how long does it last?
EP.03
First job: 900 euro net per month
EP.04
First full month: something is left over
EP.05
First big purchase: a new smartphone
EP.06
Summer with friends: what did it actually cost?
EP.07
Subscriptions: how many has he activated?
EP.08
First full net worth calculation
EP.09
Christmas: first salary, first trap
FY closing status
The short year closes with 2,970 euro in liquid savings, a smartphone at net book value 345, and zero liabilities. Net worth: +3,315. Bill started with 1,000 and added 2,315 in nine months. The pattern that matters: living with his parents makes saving easy. That will change in FY 2025.
Read the annual closing / EP.10Bill's vitals / FY 2024 closing