New words for this lesson
Say them out loud. Then use one word in a sentence.
€900 in, €1,050 out. Now what?
Imagine: you earn €900 a month. Your expenses total €1,050 a month.
🤔 What is the problem here — and what can you do about it?
Show answer
You have a deficit of €150 every month — you spend more than you earn.
There are only three ways out: earn more, spend less, or borrow. Borrowing costs extra money later — we look at that in Block 2.
Build a mini budget
A budget is a plan for your money. Type an income and four expenses. Is it a surplus or a deficit?
The emergency fund
🤔 Why put the emergency fund into the budget first, not with the money that is left over?
Show answer
Because "left over" money often becomes €0 — we overspend without noticing. If saving is planned first, like a fixed cost, it really happens.
When the money gets tight
🤔 Your income drops by 20%. What would you cut first — and why?
Show answer
There is no single right answer — but there is a pattern: variable wants (fun, extras) are easiest to cut fast. Fixed costs like contracts take time to change. Needs stay.