quiz question 2 of 6 jasmine just received her paycheck. to manage her money, she categorizes spending by…

quiz question 2 of 6 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? select a response. the envelope method 50 - 30 - 20 rule managing money pay yourself first

quiz question 2 of 6 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? select a response. the envelope method 50 - 30 - 20 rule managing money pay 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 in this way 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 before other expenses.

Answer:

B. 50-30-20 rule