question 2 of 8\njasmine just received her paycheck. to manage her money, she categorizes spending by needs…

question 2 of 8\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 8\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 categorizes spending into needs (50%), wants (30%), and savings/debt (20%). Jasmine is following this rule by categorizing her spending in a similar way. The envelope method involves using physical or virtual envelopes for different spending categories. "Managing money" is too general. "Pay yourself first" emphasizes saving first.

Answer:

B. 50-30-20 rule