Tonight we began the Personal Merit Badge! We had a great time learning about interest and saving and investing as well as what a budget is and how one can use it.
A list of the requirements can be found here. (Feel free to work on ANY of the requirements separately with your boy for this or any of the other merit badges on the site. If you need help with a counselor for another merit badge give us a call or shoot us an email and we will find someone for you.)
We do need the help of the parents. One of the activities that we had tonight was to talk about something that your family or the boy himself could save for. One of the requirements is to talk about this item with your family. We would like for you to talk about what your boys came up with as well as their plan for accomplishing it. '
(See the first requirement from the link above.)
Secondly, they are required to keep a budget for the next 13 weeks. We will be updating the budget each week at scouts. We would also ask that each of the families help the boys keep track of the money that the boy spends during the next week. If this isn't any money than that is fine too and makes accounting work very simple. ;)
(See the second requirement from the link above.)
We feel like it is a privilege to work, learn and have fun with your sons. Any help that you could offer with this merit badge would be appreciated by us and your boys!
Thanks!
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