50-30-20 Savings Rule
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50-30-20 Savings Rule
Quiz
•
Other
•
7th - 12th Grade
•
Practice Problem
•
Medium
Neddra Lynn Hardaway
Used 100+ times
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what does the 50% represent?
Resources
Bills
Needs
Wants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is an example of a Bill your parents might have?
Restaurant
Party Supplies
Birthday
Electric
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a fixed expense would be...
Water
Electric
Mortgage or Rent
Groceries
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a Variable expense?
Student Loan
Car loan
Rent
Water
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 20% represent?
Bills
Wants
Needs
Savings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is not an example of savings?
College
Rent or Mortgage
Vacation
Boat
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which would be wise to save for?
Birthday
Car Payment
College
Shopping
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