question 2 of 6\njasmine just received her paycheck. to manage her money, she categorizes spending by needs…

question 2 of 6\njasmine 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?\nselect a response.\nthe envelope method\n50 - 30 - 20 rule\nmanaging money\npay yourself first

question 2 of 6\njasmine 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?\nselect a response.\nthe envelope method\n50 - 30 - 20 rule\nmanaging money\npay yourself first

Answer

Brief Explanations:

The 50 - 30 - 20 rule involves dividing income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt. Jasmine categorizing spending in this way aligns with this rule. The envelope method is about using physical envelopes for cash - based spending. "Managing money" is too general. "Pay yourself first" focuses on saving before other expenses.

Answer:

50 - 30 - 20 rule