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 categories method investing in stocks the 50 - 30 - 20 method pay yourself first

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 categories method investing in stocks the 50 - 30 - 20 method pay yourself first

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.

Answer:

The 50-30-20 Method