
50/30/20 Budget
Interactive Video
•
Other
•
12th Grade
•
Practice Problem
•
Hard
James Cox
Used 2+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What percentage of viewers wanted videos on personal finance?
13%
22%
30%
18%
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the 50 in the 50/30/20 rule represent?
Wants
Savings
Needs
Debt repayment
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What should constitute no more than 30% of your budget according to the 50/30/20 rule?
Savings
Needs
Wants
Investments
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the 20 in the 50/30/20 rule stand for?
Needs
Investments
Savings and debt repayment
Wants
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the first step in applying the 50/30/20 rule?
Listing all debts
Setting up a savings account
Identifying needs vs. wants
Calculating net income
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is considered a need?
Netflix subscription
New shoes
Dining out
Health insurance
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How much of your income should go towards savings or paying off debt according to the 50/30/20 rule?
10%
50%
30%
20%
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