what you know\nquestion 2 of 3\njasmine just received her paycheck. to manage her money, she categorizes…
what you know\nquestion 2 of 3\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?\nthe envelope method\n50 - 30 - 20 rule\nmanaging money\npay yourself first
Answer
Brief Explanations:
The 50 - 30 - 20 rule involves dividing income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Jasmine is categorizing her spending into needs, wants, and savings and debt, which aligns with the 50 - 30 - 20 rule. The envelope method involves using physical envelopes for different spending categories. "Managing money" is a general term and not a specific strategy. "Pay yourself first" focuses on saving a portion of income before spending on other things.
Answer:
B. 50-30-20 rule