Plan Ahead
Bank On It
Money, Money, Money
I Owe, I Owe
Time is Money
100
This Eagle-required merit badge includes managing your time and your money.
What is Personal Management?
100
A business where you store your money until the next time you need it.
What is a bank?
100
Money remaining when you end up with more money than you currently need.
What are savings?
100
The source of most financial problems over your lifetime.
What is "Borrowing"?
100
Process where you budget your time just like you budget your money.
What is time management?
200
A plan for your money where you consider your income and expenses before making any purchases.
What is a budget?
200
Written either online or on paper, this order is where you command your bank to send your money to someone else.
What is a check?
200
Using money leftover after all expenses and short-term savings, these are things you buy hoping they will grow over time.
What are investments?
200
This borrowed money comes from a business where you keep your money.
What is a bank loan?
200
Short-term plan where you consider daily tasks, checking off completed ones while moving others forward.
What is a to-do list?
300
The number of stocks you choose and follow for this merit badge.
What is a "5"?
300
Fees, interest and penalties.
What is how a bank makes money?
300
The increase in value of your money over a period of time.
What is "return" or "yield"?
300
Easy and quick, you agree to terms each time you use it for purchases and cash advances.
What is a credit card?
300
When faced with a larger goal to complete, you use this process to identify all tasks, establish deadlines and organize resources.
What is project planning?
400
The time management requirement for how long you track your daily tasks.
What is "7-consecutive-days"?
400
An amount of money earned as payment for the use of that money.
What is "interest"?
400
These are the two main kinds of investments, where you are either the lender or the owner.
What are Bonds (Loaned) and Stocks (Owned)?
400
I work just like a check, but look just like a credit card.
What is a debit card?
400
An written action plan designed to motivate and guide a person toward a goal.
What is goal-setting?
500
The merit badge requirement for how long you track your budget, including all income and expenses.
What is "3-consecutive-months"?
500
A substantial penalty fee for ordering the bank to payout more money than you have in your account.
What is an overdraft?
500
When money you earn then earns money again, over and over.
What is "compound interest"?
500
My history of keeping my financial promises available for the world to see.
What is my Credit Rating?
500
Easiest way to always remember to be prepared in life.
What is "Plan Ahead, Get Ahead"? (also accept "Fail to Plan, Plan to Fail")
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