Answer: Second option is correct.
Step-by-step explanation:
Short term goals are those goals which are meant for short period that is not more than one year.
Long term goals are those goals which are meant for long period that takes more than 4 to 5 years.
So, He should ask " Do I want this bike this month, or should I save up over the summer? "
Here, purchasing a bike is short term goal or saving money is long term goal.
Hence, Second option is correct.