Question

question 2 of 6
jasmine just received her paycheck. to manage her money, she categorizes spending by needs, wants, and savings and debt. what money management strategy is jasmine following?
select a response.
the envelope method
50 - 30 - 20 rule
managing money
pay yourself first

Explanation:

The 50-30-20 rule is a money management strategy that divides income into three categories: 50% for needs, 30% for wants, and 20% for savings/debt repayment, which matches Jasmine's categorization. The envelope method uses physical envelopes for budgets, "managing money" is a general term not a specific strategy, and "pay yourself first" prioritizes savings before other expenses.

Answer:

50-30-20 rule