question 4\n2 pts\nthe 50 - 30 - 20 rule recommends spending how much of a budget on needs, wants, and…

question 4\n2 pts\nthe 50 - 30 - 20 rule recommends spending how much of a budget on needs, wants, and savings/debt?\n20% of income on needs, 30% on wants, and 50% on savings or debt\n50% of income on wants, 30% on needs, and 20% on savings or debt\n20% of income on savings or debt, 30% on needs, and 50% on wants\n20% of income on savings or debt, 50% on wants, and 30% on needs\nquestion 5\n2 pts\nwhich of the following impacts your credit score the most?\ntype of credit\nlength of credit history\namounts owed\npayment history\nnew credit\nall of the above

question 4\n2 pts\nthe 50 - 30 - 20 rule recommends spending how much of a budget on needs, wants, and savings/debt?\n20% of income on needs, 30% on wants, and 50% on savings or debt\n50% of income on wants, 30% on needs, and 20% on savings or debt\n20% of income on savings or debt, 30% on needs, and 50% on wants\n20% of income on savings or debt, 50% on wants, and 30% on needs\nquestion 5\n2 pts\nwhich of the following impacts your credit score the most?\ntype of credit\nlength of credit history\namounts owed\npayment history\nnew credit\nall of the above

Answer

Brief Explanations:

For Question 4: The 50 - 30 - 20 rule suggests allocating 50% of income to needs, 30% to wants, and 20% to savings or debt repayment. For Question 5: Payment history has the most significant impact on a credit score among the given factors as it reflects a borrower's reliability in repaying debts on time.

Answer:

Question 4: 50% of income on needs, 30% on wants, and 20% on savings or debt Question 5: Payment history