Question

question 5 of 6
in the 50-30-20 rule, 50% of your income should be spent on
-------------.
select a response.
○ wants
○ debt
○ needs
○ savings

Explanation:

The 50 - 30 - 20 Rule for budgeting states that 50% of income is for needs (essential expenses like housing, food), 30% for wants (non - essential desires), and 20% for savings/debt repayment. So 50% should be spent on needs.

Answer:

C. Needs