• VSC Personal Management Merit Badge SUBMISSION

    Use this form to submit your work. Each participating Scout must complete a SEPARATE form to receive credit. If you have previously submitted any of the requirements, you do not have to resubmit them here.
  • If you completed the workbook, you may upload the file below and do not need to fill out the requirements below. If you do not submit the workbook, you can complete the questions below for requirements you did not complete during class.

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  • 1. Do the following:

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  • 2. Do the following:

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  • b. Compare expected income with expected expenses.

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  • 3. Discuss with your merit badge counselor FIVE of the following concepts:

  • 4.Explain the following to your merit badge counselor:

  • a. The differences between saving and investing, including reasons for using one over the other.

  • c. The concepts of simple interest and compound interest

  • 5. Explain to your merit badge counselor what the following investments are and how each works:

  • 6. Explain to your counselor why people might purchase the following types of insurance and how they work:

  • 7. Explain to your merit badge counselor the following:

  • a. What a loan is, what interest is, and how the annual percentage rate (APR) measures the true cost of a loan.

  • c. The differences between a charge card, debit card, and credit card.

  • d. Credit reports and how personal responsibility can affect your credit report.

  • 8. Demonstrate to your merit badge counselor your understanding of time management by doing the following:


    a. 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. 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, sports practices or games, jobs or chores, and/or Scout or church or club meetings, then plan when you will do all the tasks from your
    "to do" list between your set activities.

    c. Follow the one-week schedule you planned. 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.


    d. With your merit badge counselor, review your "to do" list, one-week schedule, and diary/journal to understand when your schedule worked and when it did not work.

    (There is a blank table which can be used for tracking your “to do” list at the end of this workbook.)

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  • 9. Prepare a written project plan demonstrating the steps below, including the desired outcome. This is a project on paper, not a real-life project. 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.

    Discuss your completed project plan with your merit badge counselor.

  • 10. Do the following:

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