Question

according to the 50/30/20 rule, what percentage of your income should you allocate to needs?
choose 1 answer:
a 50%
b 30%
c 20%

Explanation:

The 50/30/20 budget rule designates 50% of income for essential needs (like housing, food, utilities), 30% for wants, and 20% for savings/debt repayment.

Answer:

A. 50%