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{{HonorSubpage}}

<section begin=Body />

<b>1. <section begin=req1 /><noinclude></noinclude>What is a household budget and what is the importance of having one?
<noinclude></noinclude><section end=req1 /></b>

<b>2. <section begin=req2 /><noinclude></noinclude>Make a list of your family's expenses and classify them as necessary, useful and superfluous.
<noinclude></noinclude><section end=req2 /></b>

<b>3. <section begin=req3 /><noinclude></noinclude>Check your family's shopping list for grocery and hygiene products. Are all the items really necessary?
<noinclude></noinclude><section end=req3 /></b>

<b>4. <section begin=req4 /><noinclude></noinclude>What is the best day and place to get vegetables, fruits and greens in your neighborhood?
<noinclude></noinclude><section end=req4 /></b>

<b>5. <section begin=req5 /><noinclude></noinclude>What can you and your family do to save on water, electricity and telephone?
<noinclude></noinclude><section end=req5 /></b>

<b>6. <section begin=req6 /><noinclude></noinclude>What is inflation?
<noinclude></noinclude><section end=req6 /></b>

<b>7. <section begin=req7 /><noinclude></noinclude>What taxes does your family have to pay?
<noinclude></noinclude><section end=req7 /></b>

<b>8. <section begin=req8 /><noinclude></noinclude>What kind of shopping should never be done with credit? Why?
<noinclude></noinclude><section end=req8 /></b>

<b>9. <section begin=req9 /><noinclude></noinclude>What is interest? How should it be calculated?
<noinclude></noinclude><section end=req9 /></b>

<b>10. <section begin=req10 /><noinclude></noinclude>Investigate what is the interest rate and what are the financial responsibilities in the lines of credit lines for the following:
<noinclude></noinclude><section end=req10 /></b>

:<b>a. <section begin=req10a /><noinclude></noinclude>Credit card
<noinclude></noinclude><section end=req10a /></b>

:<b>b. <section begin=req10b /><noinclude></noinclude>Overdraft
<noinclude></noinclude><section end=req10b /></b>

:<b>c. <section begin=req10c /><noinclude></noinclude>Personal loan
<noinclude></noinclude><section end=req10c /></b>

<b>11. <section begin=req11 /><noinclude></noinclude>What measures should be taken when the family is in debt?
<noinclude></noinclude><section end=req11 /></b>

<b>12. <section begin=req12 /><noinclude></noinclude>What percent of the household income should be saved?
<noinclude></noinclude><section end=req12 /></b>

<b>13. <section begin=req13 /><noinclude></noinclude>Investigate at least two methods besides a passbook to invest money saved. What are the advantages and disadvantages of each?
<noinclude></noinclude><section end=req13 /></b>

<section begin=challenge />
<b>14. <section begin=req14 /><noinclude></noinclude>Do the following:
<noinclude></noinclude><section end=req14 /></b>

:<b>a. <section begin=req14a /><noinclude></noinclude>Write and endorse a check
<noinclude></noinclude><section end=req14a /></b>

:<b>b. <section begin=req14b /><noinclude></noinclude>Write a receipt
<noinclude></noinclude><section end=req14b /></b>

:<b>c. <section begin=req14c /><noinclude></noinclude>Pay for tickets and/or an invoice at an ATM
<noinclude></noinclude><section end=req14c /></b>

:<b>d. <section begin=req14d /><noinclude></noinclude>Store payment receipts
<noinclude></noinclude><section end=req14d /></b>

:<b>e. <section begin=req14e /><noinclude></noinclude>Interpret a checking/savings account statement
<noinclude></noinclude><section end=req14e /></b>
<section end=challenge />

<b>15. <section begin=req15 /><noinclude></noinclude>Keep a personal budget and a log of money coming in and out for six months.
<noinclude></noinclude><section end=req15 /></b>

<b>16. <section begin=req16 /><noinclude></noinclude>Make a family budget and keep an accurate record of inputs and outputs for six months (Pathfinders and youths can do this together with parents); those who live on farms can make records of farming, dairy and livestock.
<noinclude></noinclude><section end=req16 /></b>

<b>17. <section begin=req17 /><noinclude></noinclude>Read Malachi 3:8-12 and write a minimum of 250 words about the meaning of being a faithful steward.
<noinclude></noinclude><section end=req17 /></b>
<section end=Body />

<noinclude>[[Category:Honor Requirements|{{#titleparts:{{PAGENAME}}|1|2}}]]
[[Category:Honor Requirements Revision 3|{{#titleparts:{{PAGENAME}}|1|2}}]]
<noinclude></noinclude>

@@ Line 27: / Line 27: @@
 <noinclude></noinclude><section end=req2f /></b>
-:<b>h. <section begin=req2g /><noinclude></noinclude>Principal
+:<b>g. <section begin=req2g /><noinclude></noinclude>Principal
 <noinclude></noinclude><section end=req2g /></b>

← Older revision		Revision as of 18:05, 21 July 2022
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	<noinclude></noinclude><section end=req17 /></b>		<noinclude></noinclude><section end=req17 /></b>
	<section end=Body />		<section end=Body />
−
−	~~<noinclude>[[Category:Honor Requirements\|{{#titleparts:{{PAGENAME}}\|1\|2}}]]~~
−	~~[[Category:Honor Requirements Revision 3\|{{#titleparts:{{PAGENAME}}\|1\|2}}]]~~
−	~~<noinclude></noinclude>~~

@@ Line 96: / Line 96: @@
 <noinclude></noinclude><section end=req14 /></b>
-<b>15. <section begin=req15 /><noinclude></noinclude>Keep a personal budget and a log of money coming in and out for six months.
+<b>15. <section begin=req15 /><noinclude></noinclude>Simulate the following (or equivalents):
 <noinclude></noinclude><section end=req15 /></b>

AY Honors/Household Budgeting/Requirements/en - Revision history

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