Question

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

Explanation:

The 50 - 30 - 20 rule is a personal finance guideline. In this rule, 50% of income is allocated to "Needs" (essential expenses like housing, food, utilities), 30% to "Wants" (non - essential desires), and 20% to savings/debt repayment. So the correct answer is the option for "Needs".

Answer:

C. Needs