Budgeting 50-30-20 Rule
Authored by Georga Cloud
Life Skills
12th Grade
Used 2+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the 50 30 20 rule, what percentage of your money should go towards essentials?
60%
70%
40%
50%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should 30% of your money go towards, according to the 50 30 20 rule?
Bills
Fun
Savings
Investments
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 20% of your money in the 50 30 20 rule go towards?
Groceries
Car payments
Shopping
Retirement and emergency savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered an essential expense according to the 50 30 20 rule?
Vacation
House
Entertainment
Eating out
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the 20% of your money in the 50 30 20 rule?
Shopping
Paying down debt
Car payments
Eating out
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should 50% of your money go towards, according to the 50 30 20 rule?
Investments
Future
Essentials
Fun
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a future expense according to the 50 30 20 rule?
Car payments
Groceries
Retirement and emergency savings
Shopping
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