what do you know? question 5 of 5 in the 50 - 30 - 20 rule, 50% of your income should be spent on select a…

what do you know? question 5 of 5 in the 50 - 30 - 20 rule, 50% of your income should be spent on select a response. submit your response. wants debt needs savings

what do you know? question 5 of 5 in the 50 - 30 - 20 rule, 50% of your income should be spent on select a response. submit your 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, utilities, and food. 30% is for wants, and 20% is for savings and debt repayment.

Answer:

C. Needs