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 this rule, 50% of income is allocated for needs, which are essential expenses like housing, food, and utilities. 30% is for wants, non - essential items, and 20% is for savings and debt repayment.

Answer:

C. Needs