Senior Saver
SM2 (Corresponding badge for under 14Yrs 6 months – JM-2- Junior Saver)
Objective – Encourage savings habits in Scouts
Show the examiner that he has been regularly depositing money in his savings account during the previous 6 months and deposited at least 100/= during the last month
Show the examiner that he has increased his savings at regular intervals from during the preceding six months.
Explain to the examiner that at least some of the savings is by him personally and not deposited by his parents
Discuss with the examiner how saving in a country help to curb inflation.
Discuss with the examiner how avoiding buying things made in foreign countries would help the steady the value of local currency, and also the pros and cons of having a strong local currency
Discuss with the examiner why we should purchase things made in our country whenever possible, and also when that should be avoided and only the best should be purchased.
Discuss with the examiner how advertisements create unnecessary wants and get you to purchase things that may not be very useful, and also different methods that businessmen use to persuade children to buy such things and spend money.
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