A commonly recommended percentage of your salary to save is 20%. This guideline, often associated with the "50/30/20" budgeting rule, suggests allocating 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment. However, individual circumstances may vary, and some financial experts might suggest saving more if possible.
What percentage of your salary should go to savings?
(1 point)
• 5%
10%
• 20%
• 50%
1 answer