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

question 2 of 3 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? the envelope method 50 - 30 - 20 rule managing money pay yourself first

question 2 of 3 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? the envelope method 50 - 30 - 20 rule managing money pay yourself first

Answer

Brief Explanations:

The 50 - 30 - 20 rule categorizes income into three parts: 50% for needs, 30% for wants, and 20% for savings and debt. Jasmine is following this rule by categorizing her spending in a similar way. The envelope method involves using physical envelopes for different spending categories. "Managing money" is too general. "Pay yourself first" focuses on saving first.

Answer:

B. 50-30-20 rule