New words for this lesson
Say them out loud. Then use one word in a sentence.
What would you save €1,000 for?
🤔 What is the difference between a wish and a goal?
Show answer
A wish is "I want a laptop someday." A financial goal has three parts: an amount (€), a deadline (when), and a plan (how much per month).
Short, medium, long
Short-term — weeks or a few months: a concert ticket, a game.
Medium-term — many months: a laptop, a trip.
Long-term — years: a driving licence, moving out one day.
The goal calculator
Type your goal and your deadline. See how much you need to save up every month.
🤔 The calculator says €120 per month, but you can only save €40. Is the goal bad?
Show answer
No — but it is not realistic yet. You have three options: save longer (move the deadline), choose a cheaper goal, or find more income. Changing a goal is smart, not failure.
A goal you can actually reach
A strong goal is SMART:
- Specific — what exactly?
- Measurable — how much (€)?
- Achievable — realistic for you?
- Relevant — do you really want it?
- Time-bound — deadline?
🤔 Is "I want to be rich" a SMART goal?
Show answer
No. No amount, no deadline, no plan. SMART version: "I save €300 for a bike by June — €50 a month."
My €1,000 Plan
To finish Block 1: you receive a fictional €1,000. Split it into four parts:
- 🛍️ Spend
- 🐖 Save
- 🎁 Give
- 📈 Invest
Any split is allowed — €0 in a category is fine too. The important part: explain your plan in English. Use: "I would put €… into … because …"