![]() Can you buy the item used? Should you wait for a sale? (Provide prices from at least two different price sources.) Call around study ads. Find out where you can buy the item for the best price. Determine the quality of the item or service (using consumer publications or ratings systems).Develop a written shopping strategy for the purchase identified in requirement 1a.Discuss how other family needs must be considered in this plan.Discuss the plan with your merit badge counselor.Write a plan that tells how your family would save money for the purchase identified in requirement 1a.Choose an item that your family might want to purchase that is considered a major expense.Research the limitations of your anticipated career and discuss with your merit badge counselor what you have learned about qualifications such as education, skills, and experience.Choose a career you might want to enter after high school or college graduation.If necessary, develop a budget for your project.Identify how these resources will help you achieve your goal. Develop a timeline for your project that shows the steps you must take from beginning to completion.Discuss your completed project plan with your merit badge counselor. Examples could include planning a camping trip, developing a community service project or a school or religious event, or creating an annual patrol plan with additional activities not already included in the troop annual plan. This is a project on paper, not a real-life project. Prepare a written project plan demonstrating the steps below, including the desired outcome. With your merit badge counselor, discuss and understand what you learned from this requirement and what you might do differently the next time.ĩ. Review your “to do” list, one-week schedule, and diary/ journal to understand when your schedule worked and when it did not work.Keep a daily diary or journal during each of the seven days 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. Follow the one-week schedule you planned.Put in your set activities, such as school classes, sports practices or games, jobs or chores, and/or Scout or place of worship or club meetings, then plan when you will do all the tasks from your “to do” list between your set activities. Make a seven-day calendar or schedule.List these in order of importance to you. Write a “to do” list of tasks or activities, such as homework assignments, chores, and personal projects, that must be done in the coming week.Demonstrate to your merit badge counselor your understanding of time management by doing the following: (You may use the forms provided in this pamphlet, devise your own, or use a computer-generated version.) When complete, present the results to your merit badge counselor. Track your actual income, expenses, and savings for 13 consecutive weeks. Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings. To avoid confusion, scouts are just learning about the purchasing process. They need to review the plan with their family and create a shopping strategy. NOTE: The scouts should have already picked something to purchase (new TV, new car, family vacation) and written a plan about how the family can save for this purchase). Can you buy the item used? Should you wait for a sale? Homework Develop a written shopping strategy for the purchase identified in requirementĭetermine the quality of the item or service (using consumer publications or ratings systems). Homeworkĭiscuss how other family needs must be considered in this plan. Should have been completed in class.ĭiscuss the plan with your merit badge counselor.ĭiscuss the plan with your family. ![]() Write a plan that tells how your family would save money for the purchase identified in requirement 1a. Choose an item that your family might want to purchase that is considered a major expense.
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