quiz\nquestion 5 of 6\nin the 50 - 30 - 20 rule, 50% of your income should be spent on ______________.\nselec…

quiz\nquestion 5 of 6\nin the 50 - 30 - 20 rule, 50% of your income should be spent on ______________.\nselect a response.\nwants\ndebt\nneeds\nsavings

quiz\nquestion 5 of 6\nin the 50 - 30 - 20 rule, 50% of your income should be spent on ______________.\nselect a response.\nwants\ndebt\nneeds\nsavings

Answer

Answer:

C. Needs

Brief Explanations:

The 50 - 30 - 20 Rule suggests that 50% of income should be spent on needs, which are essential expenses like housing, food, and utilities. 30% is for wants, and 20% is for savings and debt repayment.