5. Six ways to hold money

What this is made of

• 5(a). Common stocks
• 5(b). Mutual funds
• 5(c). Life insurance
• 5(d). A certificate of deposit
• 5(e). A savings account
• 5(f). A U.S. savings bond

Where this step comes from

1. Personal Management Merit Badge Requirements (Merit Badge Hub, last modified 2025-09-19), Requirement 5