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Personal Management Merit Badge Budget Preparation Exercise This exercise will guide you through requirement 2. Requirement 2a: Prepare a budget reflecting your expected income (allowance, gifts, wages), expenses, and savings. Track your actual income, expenses, and savings for 13 consecutive weeks. Requirement 2b: Compare expected income with expected expenses. 1. If expenses exceed income, determine steps to balance your budget. 2. If income exceeds expenses, state how you would use the...
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This exercise will guide individuals on how to properly complete and submit the required documentation for compliance purposes.
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