When I was younger I was in the Boy Scouts. Like many, I started in grade school with the Cub Scouts and moved up the ranks. Ultimately, I fell short of the Eagle rank by one level, but the lessons learned over my scouting career have stuck with me through the years. Looking back on it now through the eyes of someone who must manage bills, work and family, I think the scouts helped me build a solid framework for future money management skills.
I’d like to take you on a journey through my five favorite parts of the Boy Scout Law and demonstrate how each has had an impact on me when it comes to managing my finances. Hopefully, by the end of this post you too will be prepared to go out and be a good scout with your money.