Question

quiz
question 3 of 6
how is money divided using the 50-30-20 method?
select a response.
needs, wants, savings
needs, stocks, bonds
savings, expenses, emergencies
wants, needs, retirement

Explanation:

The 50-30-20 budgeting method allocates after-tax income into three core categories: 50% to essential needs (like housing, food), 30% to non-essential wants (like entertainment, hobbies), and 20% to savings/debt repayment. The other options include investment or niche categories that do not match the standard structure of this method.

Answer:

A. Needs, wants, savings