Question

according to the 50/30/20 rule, what percentage of your income should you allocate to savings? choose 1 answer: a 50% b 30% c 20%

Explanation:

The 50/30/20 rule is a budgeting guideline where 50% of income is for needs, 30% for wants, and 20% for savings (including debt repayment and emergency funds). So the percentage for savings is 20%.

Answer:

C. 20%