Surprise - your grandma gave you $100 for your birthday! How do you divide this money to spend on things you need, things you want, and money for savings? Write down the percentage you would put in each category.

Question

For example:

________ % in Needs

________ % in Wants

________ % in Savings

(4 points)

Answer 1

Here’s a suggested breakdown for dividing the $100:

50% in Needs
30% in Wants
20% in Savings

This allocation ensures that the majority goes towards essential items, while still allowing for some discretionary spending and a contribution to savings.