What is the 50/30/20 budget rule?
50/30/20

Flashcard
•
Mathematics
•
8th - 12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
A budgeting guideline that suggests allocating 50% of income to Needs, 30% to Wants, and 20% to Savings.
2.
FLASHCARD QUESTION
Front
What does the 50% in the 50/30/20 budget rule represent?
Back
Needs, which are essential expenses like housing, food, and utilities.
3.
FLASHCARD QUESTION
Front
What does the 30% in the 50/30/20 budget rule represent?
Back
Wants, which are non-essential expenses like entertainment, dining out, and hobbies.
4.
FLASHCARD QUESTION
Front
What does the 20% in the 50/30/20 budget rule represent?
Back
Savings, which includes savings accounts, investments, and debt repayment.
5.
FLASHCARD QUESTION
Front
Give an example of a 'Need' in the 50/30/20 budget rule.
Back
Food, housing, healthcare.
6.
FLASHCARD QUESTION
Front
Give an example of a 'Want' in the 50/30/20 budget rule.
Back
Dining out, vacations, luxury items.
7.
FLASHCARD QUESTION
Front
What is a common expense categorized as a 'Bill'?
Back
Electricity bill, water bill, rent.
Create a free account and access millions of resources
Similar Resources on Quizizz
15 questions
Unit 2 Review Controlling Expenses

Flashcard
•
9th - 12th Grade
15 questions
Unit 2 Review Controlling Expenses

Flashcard
•
9th - 12th Grade
15 questions
50/30/20

Flashcard
•
8th - 12th Grade
15 questions
PF Unit 4 Test: Budgeting & Systems of Inequalities

Flashcard
•
9th - 12th Grade
15 questions
Budgeting

Flashcard
•
8th - 12th Grade
15 questions
Budgeting

Flashcard
•
9th - 12th Grade
15 questions
Budgeting

Flashcard
•
9th - 12th Grade
15 questions
Semester 1 Practice Final

Flashcard
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade
Discover more resources for Mathematics
10 questions
Identify Slope and y-intercept (from equation)

Quiz
•
8th - 9th Grade
15 questions
Volume Prisms, Cylinders, Cones & Spheres

Quiz
•
8th Grade
20 questions
Distance, Midpoint, and Slope

Quiz
•
10th Grade
12 questions
Scatterplots and Trendlines

Quiz
•
8th Grade
20 questions
Understanding Linear Equations and Slopes

Quiz
•
9th - 12th Grade