50/30/20

What is an example of a Bill you might have?

• Restaurant

• Birthday

• Electric

An example of a fixed expense would be...

• Water

• Electric

• Mortgage or Rent

• Groceries

What does the 20% represent?

• Bills

• Wants

• Needs

• Savings

Tags

CCSS.6.RP.A.3C

Why is savings important?

• To enjoy freedom

• To have money for fun things

• To plan for the future

• ALL of these options

What does the 30% represent?

• Bills

• Savings

• Wants

• Needs

Tags

CCSS.6.RP.A.3C

Groceries, health insurance, water and electricity and house rent is an example of _________.

• wants

• savings

• needs

• wants and savings

The 50-30-20 Budget rule entails putting 50% into "Needs", 30% into "Wants', and 20% into ____?

• a. Checking

• b. Savings

• c. Stocks

• d. Bonds

Tags

CCSS.6.RP.A.3C

An example of a "Need" in the 50-30-20 Budget rule is?

• a. Food

• b. Computer

• c. iPhone 14

• d. A new truck

After taxes, you have $1000 left, how much should you put towards "Need" in the 50-30-20 budget rule?

• a. $400

• b. $600

• c. $500

• d. $300

Tags

CCSS.6.RP.A.3C

After taxes, you have $1000 left, how much should you put towards "Wants" in the 50-30-20 budget rule?

• a. $200

• b. $400

• c. $100

• d. $300