50-30-20 Savings Rule

Front

what does the 50% represent? Options: Resources, Bills, Needs, Wants

Back

Bills

Front

what is an example of a Bill your parents might have?

Back

Electric

Front

An example of a fixed expense would be...

Back

Mortgage or Rent

Front

Which is a Variable expense? Options: Student Loan, Car loan, Rent, Water

Back

Water

Front

What does the 20% represent? Options: Bills, Wants, Needs, Savings

Back

Savings

Front

What is not an example of savings? College, Rent or Mortgage, Vacation, Boat

Back

Rent or Mortgage

Front

Which would be wise to save for? Birthday, Car Payment, College, Shopping

Back

College

Front

Why is savings important?

Back

To enjoy freedom, to have money for fun things, to plan for the future.

Front

Where should your savings go to protect it?

Back

Bank Account

Front

What does the 30% represent? Options: Bills, Savings, Wants, Needs

Back

Wants