question 5 of 6 in the 50 - 30 - 20 rule, 50% of your income should be spent on ______________. select a…

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

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

Answer

Answer:

C. Needs

Brief Explanations:

The 50 - 30 - 20 Rule suggests 50% of income for needs, 30% for wants, and 20% for savings or debt - repayment. Needs are essential expenses like housing, food, and utilities.