quiz question 5 of 6 in the 50 - 30 - 20 rule, 50% of your income should be spent on ____________. select a…

quiz question 5 of 6 in the 50 - 30 - 20 rule, 50% of your income should be spent on ____________. select a response. wants debt needs savings

quiz question 5 of 6 in the 50 - 30 - 20 rule, 50% of your income should be spent on ____________. select a response. wants debt needs savings

Answer

Brief Explanations:

The 50 - 30 - 20 rule is a personal - finance budgeting method. In it, 50% of income is for needs, 30% for wants, and 20% for savings or debt repayment.

Answer:

C. Needs