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What Are The Personal Management Merit Badge Requirements? Do the following: 1a) Choose an item that your family might want to purchase that is considered a major expense. 1b) Write a plan that tells how your family would save money for the purchase identified in requirement 1a. 1b I) Discuss the plan with your merit badge counselor
Through the Personal Management Merit Badge, Scouts will learn key skills such as creating and managing a budget, understanding the principles of saving and investing, setting personal goals, making informed decisions about purchases, and planning for future careers.
1 sty 2024 · Do the following: Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings for a period of 13 consecutive weeks. Compare expected income with expected expenses. If expenses exceed budget income, determine steps to balance your budget.
Discuss your completed project plan with your merit badge counselor. a. Define the project. What is your goal? b. Develop a timeline for your project that shows the steps you must take from beginning to completion. Personal Management - Merit Badge Workbook Page 12 of 21
Compare your budget with your actual income and expenses to understand when your budget worked and when it did not work. With your merit badge counselor, discuss what you might do differently the next time
(a) THIS SHOULD BE DONE PRIOR TO BEGINNING THE 13 WEEK TRACKING: Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings for a period of 13 consecutive weeks. This is your expectation of what will happen in the next 13 weeks, not the past. HINT: Use the Sample Budget Plan in the workbook at the
Objective. This merit badge will teach the benefits of time, money, and project management in an exciting and hands-on environment. Prerequisites. The class is available to scouts who have obtained the rank of Star and Life or are at least 14 years old. Course Structure.
