In the 50/30/20 rule, what does 50 represent?(1 point)

Question

Responses

50% of income for wants
50% of income for wants

50% of your income for food
50% of your income for food

50% of income for needs
50% of income for needs

50% of income for savings

Answer 1

50% of income for needs

Answer 2

When would it be a good time to buy a house?

(1 point)
Responses

when there are high interest rates
when there are high interest rates

when there are low interest rates
when there are low interest rates

when there is a housing market bubble
when there is a housing market bubble

when you have just lost your job

Answer 3

when there are low interest rates

Answer 4

How is time a factor that affects personal finance decisions?(1 point)
Responses

Time makes investments more expensive.
Time makes investments more expensive.

Time makes investments less expensive.
Time makes investments less expensive.

Time will affect your chances to invest and the potential return the investment will yield.
Time will affect your chances to invest and the potential return the investment will yield.

Time is irrelevant in investing.

Answer 5

Time will affect your chances to invest and the potential return the investment will yield.