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 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 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 suggests allocating 50% of income to needs, 30% to wants, and 20% to savings and debt. Jasmine categorizing spending into 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 first.

Answer:

50 - 30 - 20 rule