Requirement 3

Personal Management Merit Badge

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

  1. The emotions you feel when you receive money.
  2. Your understanding of how the amount of money you have with you affects your spending habits.
  3. Your thoughts when you buy something new and your thoughts about the same item three months later. Explain the concept of buyer’s remorse.
  4. How hunger affects you when shopping for food items (snacks, groceries).
  5. Your experience of an item you have purchased after seeing or hearing advertisements for it. Did the item work as well as advertised?
  6. Your understanding of what happens when you put money into a savings account.
  7. Charitable giving. Explain its purpose and your thoughts about it.
  8. What you can do to better manage your money.


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