50-30-20 Savings Rule

what does the 50% represent?

• Resources

• Bills

• Needs

• Wants

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

• Restaurant

• Party Supplies

• Birthday

• Electric

An example of a fixed expense would be...

• Water

• Electric

• Mortgage or Rent

• Groceries

Which is a Variable expense?

• Student Loan

• Car loan

• Rent

• Water

What does the 20% represent?

• Bills

• Wants

• Needs

• Savings

What is not an example of savings?

• College

• Rent or Mortgage

• Vacation

• Boat

Which would be wise to save for?

• Birthday

• Car Payment

• College

• Shopping

Why is savings important?

• To enjoy freedom

• To have money for fun things

• To plan for the future

• ALL the ABOVE

Where should your savings go to protect it?

• Bank Account

• Piggy Bank

• Shoe box

• Wallet

What does the 30% represent?

• Bills

• Savings

• Wants

• Needs