Eliminating Budgeting Stress with the 50/30/20 Rule

What is the first rule of personal finance mentioned in the video?

• Saving for retirement

• Investing in stocks

• Following a budget

• Paying off debt

Who popularized the 50-30-20 budgeting rule?

• Dave Ramsey

• Robert Kiyosaki

• Suze Orman

• Senator Elizabeth Warren

What percentage of your salary should go towards necessities according to the 50-30-20 rule?

• 50%

• 30%

• 20%

• 70%

Which of the following is NOT considered a necessity in the 50-30-20 budget rule?

• Utilities

• Gym membership

• Car payments

• Rent

What is the main benefit of the 50-30-20 budget rule as mentioned in the video?

• It eliminates all debt

• It increases your salary

• It doubles your savings

• It allows for guilt-free leisure spending

If your necessary expenses exceed 50% of your salary, what is one suggested solution?

• Move to a more expensive apartment

• Get a side hustle

• Stop saving

• Increase leisure spending

How much of your salary should be saved according to the 50-30-20 rule?

• 10%

• 20%

• 30%

• 40%

What is one way to track your spending as suggested in the video?

• Not tracking at all

• Automating all payments

• Using a paper ledger

• Using an Excel spreadsheet

What is the purpose of CleanMyMac X as mentioned in the video?

• To clean your house

• To improve your Mac's performance

• To manage your budget

• To track your fitness

Which of the following is a feature of CleanMyMac X?

• Cleans out unneeded files

• Tracks your spending

• Schedules your appointments

• Manages your investments