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 Personal Management Merit Badge Workbook  Troop1137 2008

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This requirement is about creating a budget is a lot like a map you wouldn't go on a trip or a hike without a map because you'd risk getting lost going through life without a budget you risk financial failure note this requires two separate actions preparing a budget is the first part tracking your actual income and expenses is the second part, and you have to do these two things for 13 weeks in a row you can create a track your income and expenses as a young person, or you can create a budget and track your expenses as they might be after you leave home as a young adult, and you also have the opportunity to prepare a budget for your family tracking both income and expenses a budget is a guess of how much income you plan to receive and how much you plan to spend creating a budget is an ongoing process that involves a lot of learning start by guessing about your income for the next week then guess about the money you will spend for the coming week you can make categories for your spendi

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