question 2 of 3\njasmine just received her paycheck. to manage her money, she categorizes spending by needs…

question 2 of 3\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?\nthe envelope method\n50 - 30 - 20 rule\nmanaging money\npay yourself first

question 2 of 3\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?\nthe envelope method\n50 - 30 - 20 rule\nmanaging money\npay yourself first

Answer

Brief Explanations:

The 50 - 30 - 20 rule involves dividing after - tax income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Jasmine categorizing spending by needs, wants, and savings and debt aligns with this rule. The envelope method involves using physical envelopes for different spending categories. "Managing money" is too general. "Pay yourself first" focuses on saving a portion of income before spending on other things.

Answer:

B. 50 - 30 - 20 rule