Select the correct answer.

In the 50/30/20 method of budgeting, what should 50% of your income be used for?

A.
wants
B.
needs
C.
retirement
D.
savings

1 answer

B. needs

Similar Questions

Select the incorrect statement about budgeting committees.A)Budgeting committees usually have responsibility for the
1. 2 answers
What type of budgeting requires each manager to justify an entire budget request in detail?A. Capital budgeting B. Revenue and
1. 1 answer
Which statement is false?Question 13Select one: a. Individuals tend to be overly optimistic in their budget forecasts primarily
1. 1 answer
Chapter 1: The Foundation of Personal Finance1.1 Setting Financial Goals: Defining your aspirations and determining the path to
1. 1 answer