Fill in the blanks with the correct responses. If you follow the 50-30-20 rule of budgeting, you'll be putting 50% of your monthly income toward _______________, 30% of your monthly income toward _____________, and 20% of your monthly income toward ______________.

Question

Responses

Needs, wants, savings
Needs, wants, savings

Savings, needs, wants
Savings, needs, wants

Needs, savings, wants
Needs, savings, wants

Wants, needs, savings

Answer 1

If you follow the 50-30-20 rule of budgeting, you'll be putting 50% of your monthly income toward needs, 30% of your monthly income toward wants, and 20% of your monthly income toward savings.

So the correct response is: Needs, wants, savings.