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

Brief Explanations:

The 50 - 30 - 20 Rule in personal finance suggests that 50% of income should be spent on needs, which are essential expenses like housing, food, and utilities.

Answer:

C. Needs