question 5 of 6\nin the 50 - 30 - 20 rule, 50% of your income should be spent on \nselect a…

question 5 of 6\nin the 50 - 30 - 20 rule, 50% of your income should be spent on \nselect a response.\nwants\ndebt\nneeds\nsavings

question 5 of 6\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 it, 50% of income is allocated to needs, which are essential expenses like housing, utilities, and food. 30% is for wants (non - essential items like entertainment), and 20% is for savings and debt repayment.

Answer:

C. Needs