quiz\nquestion 5 of 8\nin the 50 - 30 - 20 rule, 50% of your income should be spent on\nselect a…

quiz\nquestion 5 of 8\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 8\nin the 50 - 30 - 20 rule, 50% of your income should be spent on\nselect a response.\nwants\ndebt\nneeds\nsavings

Answer

Brief Explanations:

The 50 - 30 - 20 rule is a popular budgeting guideline in finance. In this rule, 50% of income is allocated to needs, which are essential expenses like housing, utilities, and food.

Answer:

C. Needs