Plan financial goals

🧭 Background & Context Financial goals are the compass of any wealth strategy; they define what you are saving for – whether retirement, buying property, or an emergency fund – and give every euro a concrete function. Without this goal definition, investing is like flying blind, as risk tolerance and investment horizon cannot be sensibly calibrated. The economic connection lies in capital allocation: those who set deadlines and priorities for their goals create liquidity needs that necessitate a suitable asset allocation (e.g., stocks for long-term goals, money market for short-term ones). For private investors, this is the most important discipline because it reduces emotional missteps like panic selling or greedy buying and systematically harnesses the power of compound interest. Furthermore, a goal plan protects against over-investing in illiquid assets when short-term expenses are due and prevents inflation from silently eroding the purchasing power of unplanned reserves. Ultimately, goal planning is the difference between saving and investing: it transforms abstract investing into measurable life stages. 🔍 How It Works in Detail The tool functions like a smart savings plan calculator. You enter what you want to achieve – for example, a car, a trip, or an emergency fund – and by when you need the money. The program then calculates backward: it divides your goal by the number of months and shows you how much you need to set aside each month. It also takes into account whether you have already saved some money and whether you expect interest or returns. Additionally, you can create multiple goals simultaneously. The tool sums up all monthly amounts and shows you whether this is feasible with your income and ongoing expenses. If it gets too tight, it suggests extending the timeframe or reducing the amount. This way, you immediately see which levers you can adjust …