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Personal Management PrerequisitesScout’s Name:Unit:REQUIREMENT 2Do the following:a. Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings.b. Compare expected income with expected expenses.1. If expenses exceed budget income, determine steps to balance your budget.2. If income exceeds budget expenses, state how you would use the excess money (new goal,savings).3. Track and record your actual income, expenses, and savings for 13 consecutive weeks (thesame 13-week period for which you budgeted). (You may use the forms provided in thispamphlet, devise your own, or use a computer-generated version.) When complete, present therecords showing the results to your merit badge counselor.4. Compare your budget with your actual income and expenses to under- stand when your budgetworked and when it did not work. With your merit badge counselor, discuss what you might dodifferently the next time.Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 1 of 8
Budget PlanBudgeted AmountsIncome SourcesActual AmountsperWeekTot. ActualMonthMonth Month MonthTotalMonth 2 Month 3 Total Tot. Budget1231perWeekMonth Month MonthTotal123AllowanceGiftsWagesOtherIncome TotalsExpensesMonthMonth 2 Month 3 Total Act.-Budget1Savings-pay yourself1stDonations/CharityFood/Meals outClothingEntertainment/MoviesCDs/DVDs, iftsOther:Expense TotalsIncome - ExpensesHouston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 2 of 8
b1. If expenses exceed income, determine steps to balance your budget.b2. If income exceeds expenses, state how you would use the excess money (new goal, savings).b3.Track and record your actual income, expenses, and savings for 13 consecutive weeks (the same 13week period for which you budgeted).(You may use the forms provided in this pamphlet, devise your own, or use a computer-generatedversion.)When complete, present the records showing the results to your merit badge counselor.Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 3 of 8
DateWeek 1Description of Daily Income and ExpensesDeposit Withdrawal BalanceOpening BalanceWeek 2Week 3Week 4Week 5Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 4 of 8
DateWeek 6Description of Daily Income and ExpensesDepositWithdrawal BalanceWeek 7Week 8Week 9Week 10Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 5 of 8
DateWeek 11Description of Daily Income and ExpensesDepositWithdrawal BalanceWeek 12Week 13b4. Compare your budget with your actual income and expenses to under- stand when your budgetworked and when it did not work. With your merit badge counselor, discuss what you might dodifferently the next time.Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 6 of 8
REQUIREMENT 8PREREQUISITEDemonstrate to your merit badge counselor your understanding of time management by doing thefollowing:a. Write a "to do" list of tasks or activities, such as homework assignments, chores, and personalprojects, that must be done in the coming week. List these in order of importance to you.b. Make a seven-day calendar or schedule. Put in your set activities, such as school classes, sportspractices or games, jobs or chores, and/or Scout or church or club meetings, then plan when youwill do all the tasks from your "to do" list between your set activities. On following page.c. Follow the one-week schedule you planned. Keep a daily diary or journal during each of the sevendays of this week's activities, writing down when you completed each of the tasks on your "to do"list compared to when you scheduled them.d. Review your "to do" list, one-week schedule, and diary/journal to understand when your scheduleworked and when it did not work. With your merit badge counselor, discuss and understand whatyou learned from this requirement and what you might do differently the next time.Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 7 of 8
To Do ListScheduledTimeList difference in scheduled time to when you actuallycompleted the task.Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7Houston Museum of Natural ScienceBoy Scouts of America Personal Management Merit Badge Workbook (2019)Page 8 of 8
Boy Scouts of America Personal Management Merit Badge Workbook (2019) Page 3 of 8 b1. If expenses exceed income, determine steps to balance your budget. b2. If income exceeds expenses, state how you would use the excess money (new goal, savings). b3.Track and record your actual income, exp
