question 4 of 5 stevie earned $600 this week. she used $100 toward paying off her credit card and $20 went…

question 4 of 5 stevie earned $600 this week. she used $100 toward paying off her credit card and $20 went into savings, for a total of $120, which is 20% of her income. what money managing system is she likely using? the 50 - 30 - 20 method investing in stocks pay yourself first the categories method

question 4 of 5 stevie earned $600 this week. she used $100 toward paying off her credit card and $20 went into savings, for a total of $120, which is 20% of her income. what money managing system is she likely using? the 50 - 30 - 20 method investing in stocks pay yourself first the categories method

Answer

Brief Explanations:

The 50 - 30 - 20 method suggests allocating 50% of income to needs, 30% to wants, and 20% to savings or debt - repayment. Stevie is putting 20% of her income towards savings and debt (credit - card payment), which aligns with the 20% portion of the 50 - 30 - 20 method. Investing in stocks is about buying shares of companies, which isn't indicated here. Paying yourself first is a general principle of saving first but not as specific as the 50 - 30 - 20 method. The Categories Method is a more general term for budgeting by categories and not as specific as the 50 - 30 - 20 method in this context.

Answer:

A. The 50-30-20 Method