according to the 50/30/20 rule, what percentage of your income should you allocate to savings? choose 1…

according to the 50/30/20 rule, what percentage of your income should you allocate to savings? choose 1 answer: a 50% b 30% c 20%

according to the 50/30/20 rule, what percentage of your income should you allocate to savings? choose 1 answer: a 50% b 30% c 20%

Answer

Brief Explanations:

The 50/30/20 rule is a personal finance guideline. It suggests allocating 50% of income to needs, 30% to wants, and 20% to savings (including debt repayment). So for savings, the percentage is 20%.

Answer:

C. 20%