Budgeting 50-30-20 Rule

According to the 50 30 20 rule, what percentage of your money should go towards essentials?

• 60%

• 70%

• 40%

• 50%

What should 30% of your money go towards, according to the 50 30 20 rule?

• Bills

• Fun

• Savings

• Investments

What does the 20% of your money in the 50 30 20 rule go towards?

• Groceries

• Car payments

• Shopping

• Retirement and emergency savings

Which of the following is considered an essential expense according to the 50 30 20 rule?

• Vacation

• House

• Entertainment

• Eating out

What is the purpose of the 20% of your money in the 50 30 20 rule?

• Shopping

• Paying down debt

• Car payments

• Eating out

What should 50% of your money go towards, according to the 50 30 20 rule?

• Investments

• Future

• Essentials

• Fun

Which of the following is considered a future expense according to the 50 30 20 rule?

• Car payments

• Groceries

• Retirement and emergency savings

• Shopping

What is the purpose of the 30% of your money in the 50 30 20 rule?

• Essentials

• Fun

• Paying down debt

• Retirement and emergency savings