MODULE 3
Digital Job Orientation & Financial Security
start
3 LEARNING SESSIONS
Digital Job Orientation
Digital Finance
Financial Planning Before Retirement
LEARNING SESSION 01
Digital Job Orientation
The digital world offers countless new ways to find a job or earn extra income – you just need to know where to start. Online job platforms, freelancing websites, and social networks such as LinkedIn have become meeting points for employers and job seekers. This course will guide you step by step through the basics of digital job orientation, helping you feel more confident when exploring new opportunities – whether you are looking for a full-time position, a side job, or remote work.
Throughout the module, you will learn how to create a simple digital CV, apply for jobs online, and prepare for video interviews. You will also discover LinkedIn – a platform that helps you build professional connections and showcase your experience. The goal of this course is to show that digital tools are not an obstacle, but a bridge to new career opportunities and greater self-confidence in the modern age.
content
Overview of learning content
01 Basics of Online Job Search Platforms
Tips for a Strong Digital CV
02 Creating a Simple Digital CV
Digital Job Orientation
Good vs. Bad CV
03 Preparing for a Digital/Video Interview
Role Play – Video Interview
04 Using LinkedIn – Your Digital Professional World
Video tutorials and Activity
Learning session / 01
Basics of Online Job Search Platforms
01
Successful job searching today is about combining your experience with smart use of digital tools. Take the time to create clear, up-to-date profiles on job portals and make use of their built-in CV templates to easily generate a professional résumé. Many platforms also offer advisory tools that analyze your profile and suggest job opportunities that best match your skills and experience. Set alerts for new openings and tailor your applications to match the skills employers are seeking. Remember, being proactive online doesn’t replace personal networking – it complements it. By leveraging both traditional and digital channels, you increase your chances of finding a role that fits your expertise and career goals.
"Experience is the currency of the modern labour market – older workers bring skills and reliability that are highly valued by employers."
People over 50 often face challenges when looking for a job – some employers hold stereotypes that older workers are not “digital enough” or are overqualified. In reality, your experience, reliability, and professionalism are great assets in today’s labour market. What really matters is knowing where and how to look for new opportunities. In addition to traditional methods such as employment agencies, public job offices, or personal recommendations, most job offers today are available online. Popular platform include the international portal EURES (eures.europa.eu), which connects job opportunities across EU countries and the Danube Region. You can also explore global platforms like Indeed, LinkedIn or Glassdoor.
TIPS
Side-job
exercise
Learning session / 01
Creating a Simple Digital CV
02
3. Keep It Short and Clear An ideal CV usually fits on one or two pages. Focus on the most relevant information and remove older or less important details. Pay attention to formatting, avoid grammar mistakes and unnecessary phrases.
1. Choose the Right Format There are many ways to create a good CV. You can use the Europass format, recognized across the EU and especially recommended when applying for positions in the public sector. Alternatively, you can choose from many online templates available on job platforms or tools like Canva, CVmaker, or Zety. These tools make it easy to design a clear, simple, and professional CV that can be quickly updated or adapted for different job applications.
4. Organize Information Clearly When someone opens your CV, they should immediately see sections, headings, years, and a clear timeline. A well-structured document makes it easier for recruiters to navigate and leaves a strong first impression. Remember – a visually clear CV increases your chances of being invited for an interview.
EUROPASS
2. Think Like an Employer Employers look for different details depending on the job position. Try to see your CV through their eyes – highlight the skills and experiences that make you the best fit for the role you are applying for. Focus on what you can bring to the company today – your reliability, problem-solving ability, and years of practical experience.
Learning session / 01
Tips for a Strong Digital CV
02
exercise
TRUE OR FALSE
First Impression
Your CV is your personal billboard – make it clear, modern, and easy to read.
Clear Structure
Recruiters spend only a few seconds on your CV – make it easy to navigate.
Less is more – include only information relevant to the position.
Relevant Content
Show that you are confident using digital tools and online environments.
Digital Skills
01
02
03
04
+ inFo
+ inFo
+ inFo
+ inFo
Keywords
Think about the bots – many companies use automated CV screening.
Online Links
Make it easy for recruiters to see your work.
Your CV should speak your voice – keep it authentic.
Personal Brand
Your CV is a living document – update it regularly.
Check & Update
05
06
07
08
+ inFo
+ inFo
+ inFo
+ inFo
Learning session / 01
Good vs. Bad CV Can You Spot the Difference?
02
⬆️⬇️ Drag the slider up or down with your mouse, or swipe on a touchscreen, to compare the two CVs.
Learning session / 01
Preparing for a Digital/Video Interview
A video interview is now a standard part of recruitment. It shows not only your experience but also your digital skills.
03
Before the interview
During the interview
After the interview
- Test your internet, camera, and microphone.
- Choose a clean, bright background and good lighting.
- Dress professionally – as if you were meeting in person.
- Look into the camera, not at yourself.
- Prepare short answers and questions for the company.
- Thank the interviewer and briefly restate your motivation.
- Send a short thank-you email afterward – it can make a difference.
+ info
+ info
+ info
Learning session / 02
Role Play – Video Interview
03
how to?
Scenario for the Recruiter
Scenario for the Job Applicant
Reflection after the exercise
After finishing the interview, discuss together:
- What went well?
- When did you feel uncertain or uncomfortable?
- How could you improve your performance in a real interview?
Your goal is to find out whether the candidate is suitable for the position and how they perform in an online environment. During the interview, observe: how the applicant communicates, how they handle technology and stress, whether they can present and motivate themselves effectively.
Your task is to make a good impression and show that you’re ready for a new opportunity. During the interview, try to: speak clearly, confidently, and positively – and smile. Look into the camera, not at yourself. Give short, focused answers with a friendly tone.
QUESTIONS
TIPS
Learning session / 01
Using LinkedIn
04
Your Digital Professional World
- Profile photo – professional, clear, only you.
- Cover photo – use the space to present yourself (e.g. logo, your field).
- Your headline is your first impression – choose wisely.
- About section – short and clear, not a full CV in paragraphs.
- Keep it updated – make sure it reflects your current reality.
Comment on other people’s posts – it’s how you get noticed. Avoid empty phrases (“I’m flexible, creative…”). Stay professional – no political arguments or private photos. Be helpful – share your experience and inspire others. Don’t post only about yourself – share value.
LinkedIn – the place where job opportunities are created LinkedIn isn’t just for young people or for companies. It’s the largest professional network in the world, connecting over 1.2 billion people – employees, entrepreneurs, experts, and recruiters. If you want to stay visible and relevant in today’s job market, LinkedIn is your digital business card, job board, and professional network all in one.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Set up your profile like a pro
How to behave on LinkedIn
Title
Title
Write a brief description here
Write a brief description here
“Show, don’t tell!” = to demonstrate, instead of just claiming.
A great profile = your best business card
"LinkedIn is the place where recruiters form their first impression of you – even before the interview."
"Smile in your photo – it builds trust."
"Sometimes one thoughtful comment weighs more than an entire post."
Learning session / 01
Using LinkedIn
04
Your Digital Professional World
Learn LinkedIn Step by StepVideo Tutorials
- Post content that brings value.
- Share articles, insights, and real-life stories.
- Join groups based on your interests.
- Don’t spam your connections – quality > quantity.
- 10 invitations a day is enough – less is more!
- Follow the Jobs tab and set up notifications.
- Connect with HR specialists or headhunters.
- Turn on the “Open to Work” feature, so recruiters can easily find you.
- Tailor your profile to match the position you’re interested in.
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Be active and consistent
Job Searching
Title
Title
Write a brief description here
Write a brief description here
LinkedIn Jobs – the place where employers find you
LinkedIn only works when you do.
exercise
"Grow your network slowly and naturally."
"Don’t just apply for jobs — attract them."
LEARNING SESSION 02
Digital Finance
Digital finance refers to the use of digital tools, platforms, and technologies to manage, access, and transfer money. It enables individuals to carry out everyday financial activities securely and conveniently from a smartphone or computer: paying bills, transferring money, monitoring budgets, or investing online. Unlike traditional banking, digital finance removes many physical barriers, offering faster transactions and 24/7 accessibility.
In today’s labour market, digital finance is highly relevant because financial management has become closely tied to digital competence and employability. Many workplaces now require employees to handle online reimbursements, manage digital tools, or use financial platforms securely. Moreover, for individuals aged 55+, digital finance fosters independence, confidence, and inclusion in an increasingly cashless economy.
contents
Overview of learning content
Digital Finance
01 Digital Transformation
Data-driven Finance
Digital Finances
Personal bugeting
02 BudgetManagement
Work-related
GLOSSARY
Safety-related habits
03 Shared Finances
Digital Apps
Learning session / 02
Glossary
10 Key Concepts in Digital Finance
Debit = a payment card that deducts money directly from your account when used for purchases or cash withdrawals — no debt, only your own funds. Credit = the payment generates a debt towards the bank.
A transaction protected by encryption and authentication to prevent fraud or unauthorized access — for example, entering a code from your bank when buying online.
Managing your bank account through the internet using a computer or smartphone. You can check balances, transfer money, and pay bills anytime, anywhere.
A security process that replaces sensitive data (like your card number) with a random code (“token”) during a transaction — this keeps your real data safe.
Paying by simply tapping your card, phone, or smartwatch on a terminal using near-field communication (NFC) — fast and secure.
The ability to manage money in a way that ensures long-term stability — balancing current expenses while saving for future need.
An instruction to your bank to send a fixed amount automatically at regular intervals (e.g., rent or membership fees).
A digital version of your physical wallet that stores card details on your phone to make payments or manage loyalty cards securely.
Sending money directly to another person using an app (e.g., PayPal, Revolut) without cash or a card — ideal for shared expenses.
Contactless Payment
Peer-to-Peer Payments
Debit Card vs. Credit Card
A temporary password valid for a single login or transaction, sent to your phone or email as an extra layer of security.
Standing Order
Financial Sustainability
Tokenization
Mobile Wallet
Title
Secure Payment
Online Banking
One-time Password
Use this side to give more information about a topic.
(P2P)
(NFC)
Subtitle
Learning session / 02
This shift enables organisations to respond more quickly to change, improve transparency across departments, and strengthen strategic decision-making. Instead of merely controlling expenses, budgeting becomes a living management process that continuously aligns financial plans with operational realities. For employees and managers alike, understanding digital budgeting means learning to interpret data, leverage tools effectively, and make smarter financial choices based on up-to-date information. It requires trust in shared data systems, collaboration between teams, and a mindset focused on adaptability and learning.
Digital Transformation
01
Related to Finance
Digital transformation is reshaping how organisations plan and manage their budgets. Traditional budgeting — once dominated by static spreadsheets and year-end reviews — is giving way to dynamic, data-driven, and collaborative approaches. Modern budgeting tools use automation, analytics, and cloud technology to streamline processes, reduce manual work, and allow for real-time adjustments.
Digital finance includes all the ways we manage money online: mobile banking, online payments, budgeting apps, comparison tools, and digital wallets.
It can make money management easier, but the goal is not only to “use apps” but to understand our habits, make informed choices, and build confidence.
+ o
how to?
key ideas
Learning session / 02
Digital Transformation
01
Related to Finance
5 Hidden Risks of Digital Finance
Digital Finance Tools
know more about your behaviour than you do. Digital finance tools don’t only record what you spend, they also analyse how you behave around money.
Understanding these risks can help you make safer, smarter financial decisions and have a better relationship with digital tools.
Let Your Data Talk
Open your banking app: PayPal, Revolut, Monzo, N26, etc.
AND COMPLETE THISMINI EXCERCISE
Learning session / 02
Budget management
02
VIDEO series
Work-related
01
04
03
02
MONITORING
AUTOMATING
TRACKING
CLOUD-BASED APPS
Invest in tools that automate routine financial processes such as invoice generation, expense tracking, and bill payments.
Tracking expenses is essential for maintaining a healthy budget. Expense management software simplifies the process by capturing receipts, categorizing expenses, and enforcing spending policies.
Cloud-based platforms can allow you to access your financial data anytime, anywhere, making budgeting more efficient and accessible.
Leverage financial reporting tools to analyze key performance indicators (KPIs), track variances, and measure actuals against forecasts.
key ideas
key ideas
key ideas
key ideas
how to?
how to?
how to?
how to?
Learning session / 02
tool
Budget Management
+ info
02
Personal
Sustainable Economy
Fixed costs are kept within a recommended treshold (for example ~ 30-40 % of income), allowing space for savings and flexibility. Here an example:
30-40%
30%
30%
Critical Economy
Fixed costs consume too large share of your net income (for example > 50–60 %). This leaves little room for savings or discretionary spending and it is risky for long-term financial security.
50-60%
20%
20%
Optimal economy
Fixed costs take an even lower share (for example ~ 25–30 % or less), giving strong savings potential, financial resilience, and freedom for discretionary spending.
25%
40%
35%
Learning session / 02
Shared Finances
03
Safety-related Habits
Use the software KEYPASS, which allows storage and suggests unique strong passwords. Enable two-factor authentication (2FA) on shared accounts. Never share login credentials via chat or email; use a secure password manager if joint access is needed.
Transparency builds trust. Keep all financial activities visible to everyone involved. Shared dashboards, transaction notifications, or monthly reviews are key for teamwork. Avoid one person having full control without oversigh.
Define how much each person contributes and for what purpose (e.g., rent, groceries, savings). Put agreements in writing — even informally — to avoid misunderstandings. Decide together how to handle unexpected costs or one person’s temporary inability to contribute.
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Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Managing money together — whether with a partner, family member, or colleague — can strengthen trust and teamwork. However, it also introduces risks if transparency, security, and clear rules are missing. Shared finances require mutual responsibility: everyone involved should understand how funds are stored, accessed, and used, and agree on routines that protect both people and money.
Title
HABIT 1
Title
HABIT 2
Title
HABIT 3
Write a brief description here
Write a brief description here
Write a brief description here
SHARED DASHBOARDS
CLEAR AGREEMENTS
PASSWORD SAFETY
Keep copies of important financial documents and access instructions in a secure place. Agree on what happens if one person becomes unavailable — who can access the account, and how.
Schedule a short “finance talk” once a month to review transactions, check the balance, and discuss adjustments. Agree on a threshold for large expenses that require both approvals
Maintain one shared account for joint expenses and separate personal accounts for individual spending. This balance helps protect independence while allowing joint planning.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Scenario-based Reflections
HABIT 4
Title
Title
HABIT 5
Title
HABIT 6
Write a brief description here
Write a brief description here
Write a brief description here
SEPARATE AND SHARED ACCOUNTS
REGULAR CHECK-INS
EMERGENCY BACK-UPS
Scenario A
Scenario B
Scenario C
Learning session / 02
Shared Finances
03
Digital Apps
Expense tracking & sharing
Financial Planning
LEARNING SESSION 03
Financial Planning Before Retirement
Retirement planning requires a strategic approach across multiple dimensions of financial security. This guide explores the three-pillar pension system that underpins retirement helping you understand how state pensions, occupational funds, and voluntary savings work together. Learn how to navigate your country's pension registry—whether it's REGOS in Croatia, PVA in Austria, or DRV in Germany—to track your contributions and verify your benefit projections.
Discover digital tools for budgeting and expense tracking that allow you to model realistic post-retirement scenarios. We'll guide you through claiming strategies and timing decisions that maximize your lifetime benefits, address the critical transition from working income to retirement income, and help you plan for living costs in your retirement years. By understanding pension options, managing your finances digitally, and projecting future expenses against income sources, you can approach retirement with confidence and security.
contents
Overview of learning content
Public Pension Systems
01 Retirement options
Private Pension Plans
Where to invest?
Financial Planning before retirement
02 Investmens
PEPP, Mutual funds, ETFs
03 Retirement budgeting
Post retiriement living costs
03 Financial Digital Tools
Personal finances
Learning sessions / 03
RETIREMENT OPTIONS
01
Step by Step
Follow these steps for better understanding you current situation with pension and to plan better future after retirement.
01
02
03
04
REVIEW
INVEST
OR ...
PLAN
Review your current pension pillars (mandatory + voluntary)
Diversify beyond pensions
Increase contributions to a voluntary pension plan (3rd pillar)
Plan your retirement timeline and expenses
Action
Action
Action
Action
Learning sessions / 03
Retirement Options
01
Public Pension Systems
Country | Men | Women Croatia| 65 | 63 y 9 m Serbia | 65 | 63 y 10 m Bosnia and Herzegovina | ~65 | ~65 Hungary | 65 | 65 Bulgaria | ~64.6 (≈64 y 7 m) | ~62.3 (≈62 y 4 m) Slovakia | ~63–64 | ~63–64 Czech Republic | ~64 y 4 m | ~64 y 4 m Germany | ~66 y 2 m I ~66 y 2 m Slovenia | 65 | 65 Austria I 65 I 60
EU countries offer public pension systems funded through employer-employee contributions (typically 10-20% of salary). Benefits depend on contribution years and average earnings.
"Your retirement security combines public pensions, employer schemes, and personal savings."
Learning session / 03
INVESTMENTS
TRUE OR FALSE
02
Where to invest?
Simple investment plans that focus on capital preservation, steady income, and low-cost diversification. Here are common options, accessible throughout the EU
National Private Pension Plans (Pillar 3)
TRUE OR FALSE
Private pension & individual pension
Most European countries have their own tax-incentivized personal pension products that are similar to PEPP in that they are individual and voluntary.
Retirement Pension Scheme
+ info
National Pension Scheme (+Basic Pension)
Learning session / 03
INVESTMENTS
02
Where to invest?
PEPP
The Pan-European Personal Pension Product (PEPP) is a voluntary, portable, and standardized personal pension scheme available to citizens across the European Union to supplement their state and occupational pensions.
Video
Mutual funds & ETF
Mutual funds and ETFs: These pooled investment funds allow for diversification by investing in a basket of stocks, bonds, or other assets. Banks and Interactive Brokers platforms like Trade Republic, DEGIRO, and Trading 212 operate across Europe.
+ info
Video
Learning sessions / 03
Retirement budgeting
03
Post-retirement Living Costs
Income (example) State pension: €1,450 Private/occupational pension: €350 Total monthly income: €1,800 Example of estimated Monthly Living Costs Rent (1-room apartment) - €700 Smaller city; big cities can be €900–€1,200 I or 0 if you own Utilities (heating, electricity, water): €180 Depends on building & energy prices Groceries & household goods: €300 Moderate lifestyle Health insurance & medical costs: €150 Retiree contributions vary Public transport: €60 Senior discounts available Phone & Internet: €40 Basic plans Leisure & social activities: €120 Cafés, hobbies, small trips Clothing & personal care: €50 Average spending Emergency/Unexpected costs: €50 Repairs, appliances, medical Total monthly expenses: ~€950 - €1,650
Retirement budgeting is essential for ensuring financial security and peace of mind after leaving the workforce. Start by estimating your regular income sources, such as state pensions, workplace retirement schemes, private savings, and investment returns. Clearly list your monthly and annual expenses, including housing, utilities, food, healthcare, insurance, transportation, and discretionary spending. Adjust your expense estimates to reflect changes in lifestyle, health needs, and inflation, especially as healthcare costs tend to rise with age. Many experts recommend planning for 70-80% of your pre-retirement income to maintain a comfortable lifestyle.
Plan today for stress free tomorrow.
Learning sessions / 03
Managing personal finances
04
With Digital Tools
They also support setting financial goals, such as building an emergency fund or planning for retirement.Automatic reminders and notifications help people stay disciplined with bills and budgeting. Overall, digital finance tools provide transparency, control, and confidence in everyday money management.
Digital tools provide transparency and control over your financial future.
Managing personal finances has become easier thanks to simple digital tools that help track spending and savings. These tools allow users to clearly see where their money goes and identify unnecessary expenses.
key ideas
tools
how to?
Learning unit completed
Good job!
Reflect on what you have learned in this module.
Congratulations!
back
❓ TRUE OR FALSE?
Key Ideas
Automating means setting up money tasks so they happen automatically, without needing to remember them every time. For example, you can automate monthly rent payments, regular savings transfers, or reminders for bills. In budget management, automation reduces stress, prevents missed payments, and helps build good habits with less effort — especially useful for people who prefer stability and routine. - Automating payments: Setting up regular payments to happen automatically (e.g., rent, electricity, phone bills), reducing missed deadlines, late fees, and stress. - Automating savings: Automatically transferring a fixed amount into savings (e.g., every payday), helping people save consistently without needing strong willpower every month. - Automating budgeting routines: Setting up recurring reminders or scheduled check-ins (e.g., “review budget every Sunday”), making budgeting feel like a stable habit rather than a constant effort. - Automating alerts: Using automatic notifications (e.g., low balance, large transaction, bill due), helping people react early and avoid overdrafts or suspicious activity.
Tips to improve your answers
- Use real examples from experience (“In my previous job, I led a team of three people...”).
- If you have a career break, explain it positively (“I took time for retraining and supporting my family...”).
- Show your motivation to grow (“I want to learn new digital tools...”).
- End with gratitude and interest (“Thank you for the opportunity, I look forward to your feedback.”).
ACTION
Good investing is not only about returns — it’s also about clarity. Estimate how long you want to work (up to 65? earlier? part-time?). - Make a list of expected retirement expenses. - Adjust your savings plan so your investments cover your needs even with inflation. This helps you understand “how much is enough” and whether you need to save more or adjust your lifestyle.
Where can I find my pension status?
Austria „Das neue Pensionskonto“ – view your pension account online
Germany Deutsche Rentenversicherung – online services; e.g., request your insurance-record/statement online
Slovenia „My eZPIZ“ – check your case status / remittance data online
Croatia „Moja mirovina“
Hungary - Extract from the data of the Pension Insurance Register – online request for certificate of pension insurance data
Bosnia & Herzegovina E-Doprinosi portal – check paid contributions & recorded insurance online
Bulgaria UBB Pension Insurance – client service page, check your pension fund status online
Czech Republic Online service: request for “informative personal record of pension insurance” via e-Portal of Czech Social Security Administration (CSSA) ePortál ČSSZ
Slovakia Insuree’s Electronic Account – check awarded & paid pension benefits online
Serbia - online goverment portal eUprava
Headline Hackathon
Learn to write a strong, memorable headline that catches recruiters’ attention.
Task: 1️⃣ Open your LinkedIn profile – make sure it’s ready for editing. 2️⃣ Write 3 headline variants that reflect your professional goals and values. 3️⃣ Vote in groups on which version is the most clear, attractive, and recruiter-friendly. 4️⃣ Implement the winning headline on your LinkedIn profile. Set a 5 minute time limit to keep it dynamic and fun.
05:00
❓ TRUE OR FALSE
Side-Job and Freelancing Opportunities
If you prefer more flexibility, try freelancing or online side jobs. Online platforms like Upwork, Freelancer, Fiverr, and Guru let you showcase your skills – from admin support and translation to design and consulting. Even small projects can help you stay active, expand your network, and earn additional income.
Upwork
Fiverr
Freelancer
Guru
How to do the Role play?
Objective:In pairs, practice an online job interview.
👩💼 One of you acts as the recruiter (employer). 🧑💻 The other acts as the job applicant. ⏱️ After 10 minutes, switch roles.
ACTION
Check how much you have in each pillar and what your expected pension looks like. This gives you a realistic baseline and lets you see how large your gap might be.
Key Ideas
Tracking is the habit of regularly checking where your money goes, so you can understand your real spending patterns. This can be done by writing expenses down, using a spreadsheet, or using a budgeting app that categorizes spending automatically. For 55+ workers, tracking supports better decision-making, helps avoid “money leaks” (small repeated costs), and creates a stronger sense of control and security. - Tracking income: Recording all money coming in (e.g., salary, pension contributions, side income), helping people see what they can realistically plan with each month. - Tracking spending: Logging everyday expenses (e.g., groceries, transport, subscriptions), making spending patterns visible and easier to control. - Tracking categories: Grouping spending into clear areas (e.g., housing, food, health, leisure), helping people identify which areas take the biggest share of the budget. - Tracking “small leaks”: Noticing repeated low-cost spending (e.g., daily coffee, delivery fees), which often adds up and weakens saving goals over time. - Tracking progress toward goals: Checking whether spending and saving match personal targets (e.g., saving for emergencies, reducing debt), helping learners stay motivated and adjust their plan when needed.
Cloud-based apps
How to use cloud-based apps for budget management:
Use cloud-based tools that allow secure access to budget data from different devices and by different team members. This ensures up-to-date information, supports collaboration, and reduces the risk of working with outdated files.
LibreOffice / OpenOffice Personal Budget Template
This open-source budgeting tool was developed and shared by the community at Opensource.com, a platform supported by Red Hat that promotes free and adaptable digital resources. It can be downloaded and opened in Excel. It helps users plan and track monthly income and expenses with ready-made categories, making it easy to personalise.
Link
❓ TRUE OR FALSE?
Budgeting tools
Goodbudget – A free budgeting and expense-tracking tool Google Sheets Budget Templates Free customizable spreadsheets for budgeting Revolut Analytics (free within the app) – Helps track spending categories automatically
Tips for Effective Online Job Search
✉️ Create accounts on multiple job platforms and set up email alerts for new job offers. 💻 Check job portals regularly, as some listings stay active only for a few days. 🌍 Explore international job platforms if you are open to remote or cross-border work. 📅 Apply early – employers often review applications as they come in. 🔑 Use keywords when searching and writing your CV (e.g. “administration”, “accounting”, “remote”). 🧭 Use filters wisely to narrow down results by location, contract type, or experience level. 🖊️ Keep your CV and profile updated regularly.
💬 Customize your CV and motivation letter for each position – even a few lines can make a difference.👥 Follow company pages and join professional groups on LinkedIn.🔍 Review company websites directly – many post job openings only on their own career pages. 🤝 Don’t hesitate to contact recruiters directly – a short, polite message can open doors. 🧠 Beware of scams – legitimate employers never ask for money or personal banking information.
The video explains that a business budget is a plan for how a company expects to earn and spend money over a specific period — usually a month, quarter, or year. It helps leaders forecast income, control expenses, and make better financial decisions.
- What have I learned?
- How did I learn it?
- What has been the easiest and the most difficult part?
- What was it useful for?
- In what other situations can I use it?
Automating
How to automate budget management
Set up automatic processes for recurring expenses and income (e.g. salaries, rent, subscriptions). Use tools that automatically import transactions from bank accounts or accounting software to reduce manual work and errors.
1. Check the category you spent the most on last month → Does it match what you expected? Why or why not? 2. Check your list of subscriptions and whether you have auto-renewals you weren’t aware of → Small hidden costs add up. Did you forget any cost? From the costs you have, which ones still make sense? 3. Check your average weekly spending → Which week was highest? Can you explain why? 4. Check when during the week you spend most → Is it weekends? Evenings? After stressful days? After payday?
Tracking
How to track a work-related budget:
Record all income and expenses regularly and assign them to clear categories (e.g. staff costs, travel, materials). Keep tracking consistent so spending can be compared against the planned budget at any time.
Activity: Explore Online Job Opportunities
4️⃣ Reflect:
- Which requirements appear most often?
- Which of your skills or experiences could you highlight in your CV?
Try how online job search platforms work. 1️⃣ Visit one of these websites:
- www.jobs.cz (Czech republic), or select a job portal in your country
- https://eures.europa.eu (Europe/ Danube Region)
- www.indeed.com (international)
2️⃣ Search for a field you’d like to work in (e.g. administration, accounting, customer support). 3️⃣ Save or write down three job offers that catch your interest.
Create Your Digital CV
Your CV is your calling card – the first step toward your dream job. Use the tips you’ve learned to create a modern CV that stands out at first glance. Include your contact information, a short personal summary (2–3 sentences about yourself), experience, education, digital skills, and links to online profiles. You can also add hobbies that highlight relevant skills or personal qualities. Don’t be afraid to be creative – just keep it professional and clear. You can find a CV template on major job portals or use the official Europass template. The task is complete once you save your final CV as a PDF file.
ACTION
At age 55+, small improvements can still make a big impact because you still have 8-10 years until retirement. - Start (or increase) monthly payments into a voluntary pension fund. - Choose a balanced or conservative portfolio, since you have under 10 years to retirement. - Take advantage of tax benefits offered for voluntary pension contributions in your country.
Budgeting tools
Choosing budgeting tools is especially important because they make financial organisation simple and consistent, even for people who don’t enjoy working with numbers. The right tool also reduces stress by centralising all financial information in one place, making it easier to stay on top of bills, income, and future plans. Ultimately, digital budgeting tools offer greater transparency, control, and confidence in managing everyday money.
My digital Money Routine
Reflect about your relationship with digital finance:
- In the last 7 days, which digital tools did you use for money?
- How did these tools make things easier?
- Did anything feel risky or confusing?
- On a scale 1–10: How confident do I feel managing money digitally?
Monitoring
How to monitor a budget effectively:
Review budget data regularly to identify deviations between planned and actual spending. Use summaries or dashboards to spot trends early and adjust spending or planning if necessary.
Questions you can ask...
5️⃣ How do you feel about working with digital tools (e.g., email, Teams, Excel)?Be honest but confident – mention tools you use regularly.6️⃣ How would you react if your camera or microphone stopped working during an online meeting? The recruiter observes how calmly and practically you respond – mention a plan B (e.g., using mobile data, switching to a phone call).7️⃣ Where do you see yourself in a few years, and what would you like to learn? Emphasize willingness to learn and contribute – you don’t have to talk about “career growth,” but rather about stability and motivation to improve.8️⃣ Do you have any questions for me or for our company? Always prepare at least one question – for instance, about the team, work environment, or development opportunities.
1️⃣ Could you briefly tell me something about yourself?The recruiter wants to see if you can summarize your profile and experience clearly in 1–2 sentences – not retell your CV from the beginning.2️⃣ What attracted you to this job opportunity?Mention something specific – for example, the company’s values, type of tasks, or opportunities to learn new skills.3️⃣ What experiences or skills do you consider your strengths? Choose 2–3 skills that are relevant to the position and support them with a concrete example from your experience.4️⃣ How did you handle the period when you were not working? (e.g., a career break) Show that you stayed active – retraining, caring for family, volunteering, or developing new digital skills.
Understanding the cost differences between mutual funds and Exchange Traded Funds (ETFs) is crucial for any investor. This video breaks down what you need to know to make informed decisions about your portfolio's expenses.
You use digital financial tools daily
Digital routines shape behaviour
Digital money tools nudge your spending:
- Instant checkouts (One-click payments and saved card details) = buying extremely fast, so there is more impulse buying.
- “Only 1 left!” → Urgency effect and a feeling of scarcity.
- "People also bought, Favorite product" → Social proof effect.
- Auto-renew → Invisible spending. This method makes subscriptions “invisible” → people forget they’re paying for months before they cancel.
- Cashback → reward-driven decisions
Most people don’t notice that nearly every small action involves a digital financial process:
- Streaming subscriptions (Netflix/Spotify) = automated micro-payments
- Map Apps = price prediction for fuel and transport cost optimization
- Social media algorithms = targeted financial ads
- Grocery store loyalty cards = personalised spending profiles tracked digitally
- Google/Apple Pay = tokenised transactions
ACTION
Don’t rely only on the pension system. Build additional sources of retirement income. Keep the portfolio simple—no complicated products or high fees. - Low-cost index funds / ETFs for long-term growth - Government or high-quality bonds for stability - Simple real-estate investment (if financially possible) to generate rental income
PEPP: The New Way To Invest For Retirement
Key Ideas
Monitoring means keeping an eye on your financial situation over time, so you can notice changes early and respond quickly. This includes checking account balances, reviewing spending categories, and spotting unusual transactions. In budget management, monitoring helps people stay on track, avoid surprises, and detect potential fraud — which is especially relevant for older adults, who are often targeted by scams. - Regular budget check-ins: Reviewing the budget consistently (e.g., weekly or monthly), helping people stay aware of their financial situation and avoid surprises. - Comparing plan vs reality: Checking actual spending against the planned budget, allowing learners to see where they are on track and where adjustments are needed. - Early warning signals: Spotting problems early (e.g., spending spikes, declining balance, missed saving targets), preventing small issues from turning into major financial stress. - Fraud and unusual activity monitoring: Watching for suspicious transactions (e.g., unknown payments, repeated small charges), which is especially important for older adults targeted by scams. - Adjusting the budget over time: Using monitoring results to update the plan (e.g., adapting to price increases, health costs, or life changes), keeping the budget realistic and sustainable.
Key Ideas
Cloud-based apps are tools that store your information securely online, so you can access it from different devices (phone, tablet, or computer). Many budgeting apps and online banking systems are cloud-based, which means you can check your budget anytime and anywhere. For learners in this age group, the key benefit is convenience and flexibility — but it’s also important to explain privacy, passwords, and safe login habits. - Access across devices: Using apps that store budget data online (e.g., phone + laptop access), making it easy to check finances anytime without being tied to one device. - Real-time syncing: Automatically updating transactions and balances (e.g., through online banking or connected accounts), reducing manual input and improving accuracy. - Automatic categorisation: Sorting spending into categories (e.g., food, transport, health), helping learners understand their budget quickly without complex calculations. - Data storage & security: Saving information securely in the cloud (e.g., protected logins, encrypted systems), highlighting the importance of strong passwords and safe online habits. - User-friendly overview tools: Providing dashboards, graphs, and summaries (e.g., monthly spending charts), making budgeting easier to understand — especially for learners who prefer visual support.
How to choose a tool?
First, look at ease of use—a good tool should have a clear interface and simple navigation so you can manage your finances without frustration. Second, check what features the tool offers, such as expense tracking, goal setting, bill reminders, or automatic bank syncing, and make sure they match your needs. Third, pay attention to data security, ensuring the tool uses strong encryption and has a good reputation for protecting users’ financial information. Finally, think about compatibility, such as whether the tool works well on your devices (mobile, desktop) and integrates with your bank or payment apps, so your budgeting routine stays seamless and consistent.
MODULE 3 - Digital Job Orientation and Financial Security
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Transcript
MODULE 3
Digital Job Orientation & Financial Security
start
3 LEARNING SESSIONS
Digital Job Orientation
Digital Finance
Financial Planning Before Retirement
LEARNING SESSION 01
Digital Job Orientation
The digital world offers countless new ways to find a job or earn extra income – you just need to know where to start. Online job platforms, freelancing websites, and social networks such as LinkedIn have become meeting points for employers and job seekers. This course will guide you step by step through the basics of digital job orientation, helping you feel more confident when exploring new opportunities – whether you are looking for a full-time position, a side job, or remote work.
Throughout the module, you will learn how to create a simple digital CV, apply for jobs online, and prepare for video interviews. You will also discover LinkedIn – a platform that helps you build professional connections and showcase your experience. The goal of this course is to show that digital tools are not an obstacle, but a bridge to new career opportunities and greater self-confidence in the modern age.
content
Overview of learning content
01 Basics of Online Job Search Platforms
Tips for a Strong Digital CV
02 Creating a Simple Digital CV
Digital Job Orientation
Good vs. Bad CV
03 Preparing for a Digital/Video Interview
Role Play – Video Interview
04 Using LinkedIn – Your Digital Professional World
Video tutorials and Activity
Learning session / 01
Basics of Online Job Search Platforms
01
Successful job searching today is about combining your experience with smart use of digital tools. Take the time to create clear, up-to-date profiles on job portals and make use of their built-in CV templates to easily generate a professional résumé. Many platforms also offer advisory tools that analyze your profile and suggest job opportunities that best match your skills and experience. Set alerts for new openings and tailor your applications to match the skills employers are seeking. Remember, being proactive online doesn’t replace personal networking – it complements it. By leveraging both traditional and digital channels, you increase your chances of finding a role that fits your expertise and career goals.
"Experience is the currency of the modern labour market – older workers bring skills and reliability that are highly valued by employers."
People over 50 often face challenges when looking for a job – some employers hold stereotypes that older workers are not “digital enough” or are overqualified. In reality, your experience, reliability, and professionalism are great assets in today’s labour market. What really matters is knowing where and how to look for new opportunities. In addition to traditional methods such as employment agencies, public job offices, or personal recommendations, most job offers today are available online. Popular platform include the international portal EURES (eures.europa.eu), which connects job opportunities across EU countries and the Danube Region. You can also explore global platforms like Indeed, LinkedIn or Glassdoor.
TIPS
Side-job
exercise
Learning session / 01
Creating a Simple Digital CV
02
3. Keep It Short and Clear An ideal CV usually fits on one or two pages. Focus on the most relevant information and remove older or less important details. Pay attention to formatting, avoid grammar mistakes and unnecessary phrases.
1. Choose the Right Format There are many ways to create a good CV. You can use the Europass format, recognized across the EU and especially recommended when applying for positions in the public sector. Alternatively, you can choose from many online templates available on job platforms or tools like Canva, CVmaker, or Zety. These tools make it easy to design a clear, simple, and professional CV that can be quickly updated or adapted for different job applications.
4. Organize Information Clearly When someone opens your CV, they should immediately see sections, headings, years, and a clear timeline. A well-structured document makes it easier for recruiters to navigate and leaves a strong first impression. Remember – a visually clear CV increases your chances of being invited for an interview.
EUROPASS
2. Think Like an Employer Employers look for different details depending on the job position. Try to see your CV through their eyes – highlight the skills and experiences that make you the best fit for the role you are applying for. Focus on what you can bring to the company today – your reliability, problem-solving ability, and years of practical experience.
Learning session / 01
Tips for a Strong Digital CV
02
exercise
TRUE OR FALSE
First Impression
Your CV is your personal billboard – make it clear, modern, and easy to read.
Clear Structure
Recruiters spend only a few seconds on your CV – make it easy to navigate.
Less is more – include only information relevant to the position.
Relevant Content
Show that you are confident using digital tools and online environments.
Digital Skills
01
02
03
04
+ inFo
+ inFo
+ inFo
+ inFo
Keywords
Think about the bots – many companies use automated CV screening.
Online Links
Make it easy for recruiters to see your work.
Your CV should speak your voice – keep it authentic.
Personal Brand
Your CV is a living document – update it regularly.
Check & Update
05
06
07
08
+ inFo
+ inFo
+ inFo
+ inFo
Learning session / 01
Good vs. Bad CV Can You Spot the Difference?
02
⬆️⬇️ Drag the slider up or down with your mouse, or swipe on a touchscreen, to compare the two CVs.
Learning session / 01
Preparing for a Digital/Video Interview
A video interview is now a standard part of recruitment. It shows not only your experience but also your digital skills.
03
Before the interview
During the interview
After the interview
+ info
+ info
+ info
Learning session / 02
Role Play – Video Interview
03
how to?
Scenario for the Recruiter
Scenario for the Job Applicant
Reflection after the exercise
After finishing the interview, discuss together:
Your goal is to find out whether the candidate is suitable for the position and how they perform in an online environment. During the interview, observe: how the applicant communicates, how they handle technology and stress, whether they can present and motivate themselves effectively.
Your task is to make a good impression and show that you’re ready for a new opportunity. During the interview, try to: speak clearly, confidently, and positively – and smile. Look into the camera, not at yourself. Give short, focused answers with a friendly tone.
QUESTIONS
TIPS
Learning session / 01
Using LinkedIn
04
Your Digital Professional World
Comment on other people’s posts – it’s how you get noticed. Avoid empty phrases (“I’m flexible, creative…”). Stay professional – no political arguments or private photos. Be helpful – share your experience and inspire others. Don’t post only about yourself – share value.
LinkedIn – the place where job opportunities are created LinkedIn isn’t just for young people or for companies. It’s the largest professional network in the world, connecting over 1.2 billion people – employees, entrepreneurs, experts, and recruiters. If you want to stay visible and relevant in today’s job market, LinkedIn is your digital business card, job board, and professional network all in one.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Set up your profile like a pro
How to behave on LinkedIn
Title
Title
Write a brief description here
Write a brief description here
“Show, don’t tell!” = to demonstrate, instead of just claiming.
A great profile = your best business card
"LinkedIn is the place where recruiters form their first impression of you – even before the interview."
"Smile in your photo – it builds trust."
"Sometimes one thoughtful comment weighs more than an entire post."
Learning session / 01
Using LinkedIn
04
Your Digital Professional World
Learn LinkedIn Step by StepVideo Tutorials
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Be active and consistent
Job Searching
Title
Title
Write a brief description here
Write a brief description here
LinkedIn Jobs – the place where employers find you
LinkedIn only works when you do.
exercise
"Grow your network slowly and naturally."
"Don’t just apply for jobs — attract them."
LEARNING SESSION 02
Digital Finance
Digital finance refers to the use of digital tools, platforms, and technologies to manage, access, and transfer money. It enables individuals to carry out everyday financial activities securely and conveniently from a smartphone or computer: paying bills, transferring money, monitoring budgets, or investing online. Unlike traditional banking, digital finance removes many physical barriers, offering faster transactions and 24/7 accessibility.
In today’s labour market, digital finance is highly relevant because financial management has become closely tied to digital competence and employability. Many workplaces now require employees to handle online reimbursements, manage digital tools, or use financial platforms securely. Moreover, for individuals aged 55+, digital finance fosters independence, confidence, and inclusion in an increasingly cashless economy.
contents
Overview of learning content
Digital Finance
01 Digital Transformation
Data-driven Finance
Digital Finances
Personal bugeting
02 BudgetManagement
Work-related
GLOSSARY
Safety-related habits
03 Shared Finances
Digital Apps
Learning session / 02
Glossary
10 Key Concepts in Digital Finance
Debit = a payment card that deducts money directly from your account when used for purchases or cash withdrawals — no debt, only your own funds. Credit = the payment generates a debt towards the bank.
A transaction protected by encryption and authentication to prevent fraud or unauthorized access — for example, entering a code from your bank when buying online.
Managing your bank account through the internet using a computer or smartphone. You can check balances, transfer money, and pay bills anytime, anywhere.
A security process that replaces sensitive data (like your card number) with a random code (“token”) during a transaction — this keeps your real data safe.
Paying by simply tapping your card, phone, or smartwatch on a terminal using near-field communication (NFC) — fast and secure.
The ability to manage money in a way that ensures long-term stability — balancing current expenses while saving for future need.
An instruction to your bank to send a fixed amount automatically at regular intervals (e.g., rent or membership fees).
A digital version of your physical wallet that stores card details on your phone to make payments or manage loyalty cards securely.
Sending money directly to another person using an app (e.g., PayPal, Revolut) without cash or a card — ideal for shared expenses.
Contactless Payment
Peer-to-Peer Payments
Debit Card vs. Credit Card
A temporary password valid for a single login or transaction, sent to your phone or email as an extra layer of security.
Standing Order
Financial Sustainability
Tokenization
Mobile Wallet
Title
Secure Payment
Online Banking
One-time Password
Use this side to give more information about a topic.
(P2P)
(NFC)
Subtitle
Learning session / 02
This shift enables organisations to respond more quickly to change, improve transparency across departments, and strengthen strategic decision-making. Instead of merely controlling expenses, budgeting becomes a living management process that continuously aligns financial plans with operational realities. For employees and managers alike, understanding digital budgeting means learning to interpret data, leverage tools effectively, and make smarter financial choices based on up-to-date information. It requires trust in shared data systems, collaboration between teams, and a mindset focused on adaptability and learning.
Digital Transformation
01
Related to Finance
Digital transformation is reshaping how organisations plan and manage their budgets. Traditional budgeting — once dominated by static spreadsheets and year-end reviews — is giving way to dynamic, data-driven, and collaborative approaches. Modern budgeting tools use automation, analytics, and cloud technology to streamline processes, reduce manual work, and allow for real-time adjustments.
Digital finance includes all the ways we manage money online: mobile banking, online payments, budgeting apps, comparison tools, and digital wallets. It can make money management easier, but the goal is not only to “use apps” but to understand our habits, make informed choices, and build confidence.
+ o
how to?
key ideas
Learning session / 02
Digital Transformation
01
Related to Finance
5 Hidden Risks of Digital Finance
Digital Finance Tools
know more about your behaviour than you do. Digital finance tools don’t only record what you spend, they also analyse how you behave around money.
Understanding these risks can help you make safer, smarter financial decisions and have a better relationship with digital tools.
Let Your Data Talk
Open your banking app: PayPal, Revolut, Monzo, N26, etc.
AND COMPLETE THISMINI EXCERCISE
Learning session / 02
Budget management
02
VIDEO series
Work-related
01
04
03
02
MONITORING
AUTOMATING
TRACKING
CLOUD-BASED APPS
Invest in tools that automate routine financial processes such as invoice generation, expense tracking, and bill payments.
Tracking expenses is essential for maintaining a healthy budget. Expense management software simplifies the process by capturing receipts, categorizing expenses, and enforcing spending policies.
Cloud-based platforms can allow you to access your financial data anytime, anywhere, making budgeting more efficient and accessible.
Leverage financial reporting tools to analyze key performance indicators (KPIs), track variances, and measure actuals against forecasts.
key ideas
key ideas
key ideas
key ideas
how to?
how to?
how to?
how to?
Learning session / 02
tool
Budget Management
+ info
02
Personal
Sustainable Economy
Fixed costs are kept within a recommended treshold (for example ~ 30-40 % of income), allowing space for savings and flexibility. Here an example:
30-40%
30%
30%
Critical Economy
Fixed costs consume too large share of your net income (for example > 50–60 %). This leaves little room for savings or discretionary spending and it is risky for long-term financial security.
50-60%
20%
20%
Optimal economy
Fixed costs take an even lower share (for example ~ 25–30 % or less), giving strong savings potential, financial resilience, and freedom for discretionary spending.
25%
40%
35%
Learning session / 02
Shared Finances
03
Safety-related Habits
Use the software KEYPASS, which allows storage and suggests unique strong passwords. Enable two-factor authentication (2FA) on shared accounts. Never share login credentials via chat or email; use a secure password manager if joint access is needed.
Transparency builds trust. Keep all financial activities visible to everyone involved. Shared dashboards, transaction notifications, or monthly reviews are key for teamwork. Avoid one person having full control without oversigh.
Define how much each person contributes and for what purpose (e.g., rent, groceries, savings). Put agreements in writing — even informally — to avoid misunderstandings. Decide together how to handle unexpected costs or one person’s temporary inability to contribute.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Managing money together — whether with a partner, family member, or colleague — can strengthen trust and teamwork. However, it also introduces risks if transparency, security, and clear rules are missing. Shared finances require mutual responsibility: everyone involved should understand how funds are stored, accessed, and used, and agree on routines that protect both people and money.
Title
HABIT 1
Title
HABIT 2
Title
HABIT 3
Write a brief description here
Write a brief description here
Write a brief description here
SHARED DASHBOARDS
CLEAR AGREEMENTS
PASSWORD SAFETY
Keep copies of important financial documents and access instructions in a secure place. Agree on what happens if one person becomes unavailable — who can access the account, and how.
Schedule a short “finance talk” once a month to review transactions, check the balance, and discuss adjustments. Agree on a threshold for large expenses that require both approvals
Maintain one shared account for joint expenses and separate personal accounts for individual spending. This balance helps protect independence while allowing joint planning.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Use this side of the card to provide more information about a topic. Focus on one concept. Make learning and communication more efficient.
Scenario-based Reflections
HABIT 4
Title
Title
HABIT 5
Title
HABIT 6
Write a brief description here
Write a brief description here
Write a brief description here
SEPARATE AND SHARED ACCOUNTS
REGULAR CHECK-INS
EMERGENCY BACK-UPS
Scenario A
Scenario B
Scenario C
Learning session / 02
Shared Finances
03
Digital Apps
Expense tracking & sharing
Financial Planning
LEARNING SESSION 03
Financial Planning Before Retirement
Retirement planning requires a strategic approach across multiple dimensions of financial security. This guide explores the three-pillar pension system that underpins retirement helping you understand how state pensions, occupational funds, and voluntary savings work together. Learn how to navigate your country's pension registry—whether it's REGOS in Croatia, PVA in Austria, or DRV in Germany—to track your contributions and verify your benefit projections.
Discover digital tools for budgeting and expense tracking that allow you to model realistic post-retirement scenarios. We'll guide you through claiming strategies and timing decisions that maximize your lifetime benefits, address the critical transition from working income to retirement income, and help you plan for living costs in your retirement years. By understanding pension options, managing your finances digitally, and projecting future expenses against income sources, you can approach retirement with confidence and security.
contents
Overview of learning content
Public Pension Systems
01 Retirement options
Private Pension Plans
Where to invest?
Financial Planning before retirement
02 Investmens
PEPP, Mutual funds, ETFs
03 Retirement budgeting
Post retiriement living costs
03 Financial Digital Tools
Personal finances
Learning sessions / 03
RETIREMENT OPTIONS
01
Step by Step
Follow these steps for better understanding you current situation with pension and to plan better future after retirement.
01
02
03
04
REVIEW
INVEST
OR ...
PLAN
Review your current pension pillars (mandatory + voluntary)
Diversify beyond pensions
Increase contributions to a voluntary pension plan (3rd pillar)
Plan your retirement timeline and expenses
Action
Action
Action
Action
Learning sessions / 03
Retirement Options
01
Public Pension Systems
Country | Men | Women Croatia| 65 | 63 y 9 m Serbia | 65 | 63 y 10 m Bosnia and Herzegovina | ~65 | ~65 Hungary | 65 | 65 Bulgaria | ~64.6 (≈64 y 7 m) | ~62.3 (≈62 y 4 m) Slovakia | ~63–64 | ~63–64 Czech Republic | ~64 y 4 m | ~64 y 4 m Germany | ~66 y 2 m I ~66 y 2 m Slovenia | 65 | 65 Austria I 65 I 60
EU countries offer public pension systems funded through employer-employee contributions (typically 10-20% of salary). Benefits depend on contribution years and average earnings.
"Your retirement security combines public pensions, employer schemes, and personal savings."
Learning session / 03
INVESTMENTS
TRUE OR FALSE
02
Where to invest?
Simple investment plans that focus on capital preservation, steady income, and low-cost diversification. Here are common options, accessible throughout the EU
National Private Pension Plans (Pillar 3)
TRUE OR FALSE
Private pension & individual pension
Most European countries have their own tax-incentivized personal pension products that are similar to PEPP in that they are individual and voluntary.
Retirement Pension Scheme
+ info
National Pension Scheme (+Basic Pension)
Learning session / 03
INVESTMENTS
02
Where to invest?
PEPP
The Pan-European Personal Pension Product (PEPP) is a voluntary, portable, and standardized personal pension scheme available to citizens across the European Union to supplement their state and occupational pensions.
Video
Mutual funds & ETF
Mutual funds and ETFs: These pooled investment funds allow for diversification by investing in a basket of stocks, bonds, or other assets. Banks and Interactive Brokers platforms like Trade Republic, DEGIRO, and Trading 212 operate across Europe.
+ info
Video
Learning sessions / 03
Retirement budgeting
03
Post-retirement Living Costs
Income (example) State pension: €1,450 Private/occupational pension: €350 Total monthly income: €1,800 Example of estimated Monthly Living Costs Rent (1-room apartment) - €700 Smaller city; big cities can be €900–€1,200 I or 0 if you own Utilities (heating, electricity, water): €180 Depends on building & energy prices Groceries & household goods: €300 Moderate lifestyle Health insurance & medical costs: €150 Retiree contributions vary Public transport: €60 Senior discounts available Phone & Internet: €40 Basic plans Leisure & social activities: €120 Cafés, hobbies, small trips Clothing & personal care: €50 Average spending Emergency/Unexpected costs: €50 Repairs, appliances, medical Total monthly expenses: ~€950 - €1,650
Retirement budgeting is essential for ensuring financial security and peace of mind after leaving the workforce. Start by estimating your regular income sources, such as state pensions, workplace retirement schemes, private savings, and investment returns. Clearly list your monthly and annual expenses, including housing, utilities, food, healthcare, insurance, transportation, and discretionary spending. Adjust your expense estimates to reflect changes in lifestyle, health needs, and inflation, especially as healthcare costs tend to rise with age. Many experts recommend planning for 70-80% of your pre-retirement income to maintain a comfortable lifestyle.
Plan today for stress free tomorrow.
Learning sessions / 03
Managing personal finances
04
With Digital Tools
They also support setting financial goals, such as building an emergency fund or planning for retirement.Automatic reminders and notifications help people stay disciplined with bills and budgeting. Overall, digital finance tools provide transparency, control, and confidence in everyday money management.
Digital tools provide transparency and control over your financial future.
Managing personal finances has become easier thanks to simple digital tools that help track spending and savings. These tools allow users to clearly see where their money goes and identify unnecessary expenses.
key ideas
tools
how to?
Learning unit completed
Good job!
Reflect on what you have learned in this module.
Congratulations!
back
❓ TRUE OR FALSE?
Key Ideas
Automating means setting up money tasks so they happen automatically, without needing to remember them every time. For example, you can automate monthly rent payments, regular savings transfers, or reminders for bills. In budget management, automation reduces stress, prevents missed payments, and helps build good habits with less effort — especially useful for people who prefer stability and routine. - Automating payments: Setting up regular payments to happen automatically (e.g., rent, electricity, phone bills), reducing missed deadlines, late fees, and stress. - Automating savings: Automatically transferring a fixed amount into savings (e.g., every payday), helping people save consistently without needing strong willpower every month. - Automating budgeting routines: Setting up recurring reminders or scheduled check-ins (e.g., “review budget every Sunday”), making budgeting feel like a stable habit rather than a constant effort. - Automating alerts: Using automatic notifications (e.g., low balance, large transaction, bill due), helping people react early and avoid overdrafts or suspicious activity.
Tips to improve your answers
ACTION
Good investing is not only about returns — it’s also about clarity. Estimate how long you want to work (up to 65? earlier? part-time?). - Make a list of expected retirement expenses. - Adjust your savings plan so your investments cover your needs even with inflation. This helps you understand “how much is enough” and whether you need to save more or adjust your lifestyle.
Where can I find my pension status?
Austria „Das neue Pensionskonto“ – view your pension account online
Germany Deutsche Rentenversicherung – online services; e.g., request your insurance-record/statement online
Slovenia „My eZPIZ“ – check your case status / remittance data online
Croatia „Moja mirovina“
Hungary - Extract from the data of the Pension Insurance Register – online request for certificate of pension insurance data
Bosnia & Herzegovina E-Doprinosi portal – check paid contributions & recorded insurance online
Bulgaria UBB Pension Insurance – client service page, check your pension fund status online
Czech Republic Online service: request for “informative personal record of pension insurance” via e-Portal of Czech Social Security Administration (CSSA) ePortál ČSSZ
Slovakia Insuree’s Electronic Account – check awarded & paid pension benefits online
Serbia - online goverment portal eUprava
Headline Hackathon
Learn to write a strong, memorable headline that catches recruiters’ attention.
Task: 1️⃣ Open your LinkedIn profile – make sure it’s ready for editing. 2️⃣ Write 3 headline variants that reflect your professional goals and values. 3️⃣ Vote in groups on which version is the most clear, attractive, and recruiter-friendly. 4️⃣ Implement the winning headline on your LinkedIn profile. Set a 5 minute time limit to keep it dynamic and fun.
05:00
❓ TRUE OR FALSE
Side-Job and Freelancing Opportunities
If you prefer more flexibility, try freelancing or online side jobs. Online platforms like Upwork, Freelancer, Fiverr, and Guru let you showcase your skills – from admin support and translation to design and consulting. Even small projects can help you stay active, expand your network, and earn additional income.
Upwork
Fiverr
Freelancer
Guru
How to do the Role play?
Objective:In pairs, practice an online job interview.
👩💼 One of you acts as the recruiter (employer). 🧑💻 The other acts as the job applicant. ⏱️ After 10 minutes, switch roles.
ACTION
Check how much you have in each pillar and what your expected pension looks like. This gives you a realistic baseline and lets you see how large your gap might be.
Key Ideas
Tracking is the habit of regularly checking where your money goes, so you can understand your real spending patterns. This can be done by writing expenses down, using a spreadsheet, or using a budgeting app that categorizes spending automatically. For 55+ workers, tracking supports better decision-making, helps avoid “money leaks” (small repeated costs), and creates a stronger sense of control and security. - Tracking income: Recording all money coming in (e.g., salary, pension contributions, side income), helping people see what they can realistically plan with each month. - Tracking spending: Logging everyday expenses (e.g., groceries, transport, subscriptions), making spending patterns visible and easier to control. - Tracking categories: Grouping spending into clear areas (e.g., housing, food, health, leisure), helping people identify which areas take the biggest share of the budget. - Tracking “small leaks”: Noticing repeated low-cost spending (e.g., daily coffee, delivery fees), which often adds up and weakens saving goals over time. - Tracking progress toward goals: Checking whether spending and saving match personal targets (e.g., saving for emergencies, reducing debt), helping learners stay motivated and adjust their plan when needed.
Cloud-based apps
How to use cloud-based apps for budget management:
Use cloud-based tools that allow secure access to budget data from different devices and by different team members. This ensures up-to-date information, supports collaboration, and reduces the risk of working with outdated files.
LibreOffice / OpenOffice Personal Budget Template
This open-source budgeting tool was developed and shared by the community at Opensource.com, a platform supported by Red Hat that promotes free and adaptable digital resources. It can be downloaded and opened in Excel. It helps users plan and track monthly income and expenses with ready-made categories, making it easy to personalise.
Link
❓ TRUE OR FALSE?
Budgeting tools
Goodbudget – A free budgeting and expense-tracking tool Google Sheets Budget Templates Free customizable spreadsheets for budgeting Revolut Analytics (free within the app) – Helps track spending categories automatically
Tips for Effective Online Job Search
✉️ Create accounts on multiple job platforms and set up email alerts for new job offers. 💻 Check job portals regularly, as some listings stay active only for a few days. 🌍 Explore international job platforms if you are open to remote or cross-border work. 📅 Apply early – employers often review applications as they come in. 🔑 Use keywords when searching and writing your CV (e.g. “administration”, “accounting”, “remote”). 🧭 Use filters wisely to narrow down results by location, contract type, or experience level. 🖊️ Keep your CV and profile updated regularly.
💬 Customize your CV and motivation letter for each position – even a few lines can make a difference.👥 Follow company pages and join professional groups on LinkedIn.🔍 Review company websites directly – many post job openings only on their own career pages. 🤝 Don’t hesitate to contact recruiters directly – a short, polite message can open doors. 🧠 Beware of scams – legitimate employers never ask for money or personal banking information.
The video explains that a business budget is a plan for how a company expects to earn and spend money over a specific period — usually a month, quarter, or year. It helps leaders forecast income, control expenses, and make better financial decisions.
Automating
How to automate budget management
Set up automatic processes for recurring expenses and income (e.g. salaries, rent, subscriptions). Use tools that automatically import transactions from bank accounts or accounting software to reduce manual work and errors.
1. Check the category you spent the most on last month → Does it match what you expected? Why or why not? 2. Check your list of subscriptions and whether you have auto-renewals you weren’t aware of → Small hidden costs add up. Did you forget any cost? From the costs you have, which ones still make sense? 3. Check your average weekly spending → Which week was highest? Can you explain why? 4. Check when during the week you spend most → Is it weekends? Evenings? After stressful days? After payday?
Tracking
How to track a work-related budget:
Record all income and expenses regularly and assign them to clear categories (e.g. staff costs, travel, materials). Keep tracking consistent so spending can be compared against the planned budget at any time.
Activity: Explore Online Job Opportunities
4️⃣ Reflect:
Try how online job search platforms work. 1️⃣ Visit one of these websites:
2️⃣ Search for a field you’d like to work in (e.g. administration, accounting, customer support). 3️⃣ Save or write down three job offers that catch your interest.
Create Your Digital CV
Your CV is your calling card – the first step toward your dream job. Use the tips you’ve learned to create a modern CV that stands out at first glance. Include your contact information, a short personal summary (2–3 sentences about yourself), experience, education, digital skills, and links to online profiles. You can also add hobbies that highlight relevant skills or personal qualities. Don’t be afraid to be creative – just keep it professional and clear. You can find a CV template on major job portals or use the official Europass template. The task is complete once you save your final CV as a PDF file.
ACTION
At age 55+, small improvements can still make a big impact because you still have 8-10 years until retirement. - Start (or increase) monthly payments into a voluntary pension fund. - Choose a balanced or conservative portfolio, since you have under 10 years to retirement. - Take advantage of tax benefits offered for voluntary pension contributions in your country.
Budgeting tools
Choosing budgeting tools is especially important because they make financial organisation simple and consistent, even for people who don’t enjoy working with numbers. The right tool also reduces stress by centralising all financial information in one place, making it easier to stay on top of bills, income, and future plans. Ultimately, digital budgeting tools offer greater transparency, control, and confidence in managing everyday money.
My digital Money Routine
Reflect about your relationship with digital finance:
Monitoring
How to monitor a budget effectively:
Review budget data regularly to identify deviations between planned and actual spending. Use summaries or dashboards to spot trends early and adjust spending or planning if necessary.
Questions you can ask...
5️⃣ How do you feel about working with digital tools (e.g., email, Teams, Excel)?Be honest but confident – mention tools you use regularly.6️⃣ How would you react if your camera or microphone stopped working during an online meeting? The recruiter observes how calmly and practically you respond – mention a plan B (e.g., using mobile data, switching to a phone call).7️⃣ Where do you see yourself in a few years, and what would you like to learn? Emphasize willingness to learn and contribute – you don’t have to talk about “career growth,” but rather about stability and motivation to improve.8️⃣ Do you have any questions for me or for our company? Always prepare at least one question – for instance, about the team, work environment, or development opportunities.
1️⃣ Could you briefly tell me something about yourself?The recruiter wants to see if you can summarize your profile and experience clearly in 1–2 sentences – not retell your CV from the beginning.2️⃣ What attracted you to this job opportunity?Mention something specific – for example, the company’s values, type of tasks, or opportunities to learn new skills.3️⃣ What experiences or skills do you consider your strengths? Choose 2–3 skills that are relevant to the position and support them with a concrete example from your experience.4️⃣ How did you handle the period when you were not working? (e.g., a career break) Show that you stayed active – retraining, caring for family, volunteering, or developing new digital skills.
Understanding the cost differences between mutual funds and Exchange Traded Funds (ETFs) is crucial for any investor. This video breaks down what you need to know to make informed decisions about your portfolio's expenses.
You use digital financial tools daily
Digital routines shape behaviour
Digital money tools nudge your spending:
Most people don’t notice that nearly every small action involves a digital financial process:
ACTION
Don’t rely only on the pension system. Build additional sources of retirement income. Keep the portfolio simple—no complicated products or high fees. - Low-cost index funds / ETFs for long-term growth - Government or high-quality bonds for stability - Simple real-estate investment (if financially possible) to generate rental income
PEPP: The New Way To Invest For Retirement
Key Ideas
Monitoring means keeping an eye on your financial situation over time, so you can notice changes early and respond quickly. This includes checking account balances, reviewing spending categories, and spotting unusual transactions. In budget management, monitoring helps people stay on track, avoid surprises, and detect potential fraud — which is especially relevant for older adults, who are often targeted by scams. - Regular budget check-ins: Reviewing the budget consistently (e.g., weekly or monthly), helping people stay aware of their financial situation and avoid surprises. - Comparing plan vs reality: Checking actual spending against the planned budget, allowing learners to see where they are on track and where adjustments are needed. - Early warning signals: Spotting problems early (e.g., spending spikes, declining balance, missed saving targets), preventing small issues from turning into major financial stress. - Fraud and unusual activity monitoring: Watching for suspicious transactions (e.g., unknown payments, repeated small charges), which is especially important for older adults targeted by scams. - Adjusting the budget over time: Using monitoring results to update the plan (e.g., adapting to price increases, health costs, or life changes), keeping the budget realistic and sustainable.
Key Ideas
Cloud-based apps are tools that store your information securely online, so you can access it from different devices (phone, tablet, or computer). Many budgeting apps and online banking systems are cloud-based, which means you can check your budget anytime and anywhere. For learners in this age group, the key benefit is convenience and flexibility — but it’s also important to explain privacy, passwords, and safe login habits. - Access across devices: Using apps that store budget data online (e.g., phone + laptop access), making it easy to check finances anytime without being tied to one device. - Real-time syncing: Automatically updating transactions and balances (e.g., through online banking or connected accounts), reducing manual input and improving accuracy. - Automatic categorisation: Sorting spending into categories (e.g., food, transport, health), helping learners understand their budget quickly without complex calculations. - Data storage & security: Saving information securely in the cloud (e.g., protected logins, encrypted systems), highlighting the importance of strong passwords and safe online habits. - User-friendly overview tools: Providing dashboards, graphs, and summaries (e.g., monthly spending charts), making budgeting easier to understand — especially for learners who prefer visual support.
How to choose a tool?
First, look at ease of use—a good tool should have a clear interface and simple navigation so you can manage your finances without frustration. Second, check what features the tool offers, such as expense tracking, goal setting, bill reminders, or automatic bank syncing, and make sure they match your needs. Third, pay attention to data security, ensuring the tool uses strong encryption and has a good reputation for protecting users’ financial information. Finally, think about compatibility, such as whether the tool works well on your devices (mobile, desktop) and integrates with your bank or payment apps, so your budgeting routine stays seamless and consistent.