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

quiz 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

quiz 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 allocated to needs, which are essential expenses like housing, food, and utilities. 30% is for wants, and 20% is for savings and debt repayment.

Answer:

C. Needs