Personal Management Merit Badge Merit Badge Workbook SCOUT’S NAME: ___________________________________________ This workbook is meant to help you prepare your answers before completing the requirements online. The answers you write here will not be counted towards your requirements, only the online version will be counted. The online Merit Badge Workbook can be found at aplusfcu.org/bsameritbadge. BUDGETING BASICS, PART TWO Answer these questions after you’ve completed your 13-week budget and spending requirement. Answers must be at least three sentences. Total up your spending and income for the past 13 weeks. a. How did your Budgeted Amounts compare to the Actual Amounts you spent and earned? b. Using your Actual Amounts Budget, subtract your expenses from your income. What do you get? c. If your number is negative, what steps could you take to decrease expenses, increase income, or both? (Answer this question regardless of what your results were). d. If your number is positive, what could you do with the excess money? (Answer this question regardless of what your results were).