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MB Month - Personal Management


Download, print and review the MB Worksheet HERE.


NOTE:

Scouts must track a budget for a period of 13 weeks. This would be something the scouts will need to have started/completed prior to in order to complete this during Merit Badge Month


HOMEWORK FOR FIRST SESSION

  • concept of return on investment and risk and how related

  • simple interest/compound interest

  • diversification in investing

  • why save invest for retirement

  • how the following investments work: stocks, mutual funds, life insurance, certificate of deposit, saving acct, us saving bond

  • differences between auto, health, homeowners, and whole and term life insurance


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