Worksheets50-30-20 Savings Rule
Total questions: 13
Worksheet time: 7mins
what does the 50% represent?
Resources
Bills
Needs
Wants
what is an example of a Bill your parents might have?
Restaurant
Party Supplies
Birthday
Electric
An example of a fixed expense would be...
Water
Electric
Mortgage or Rent
Groceries
Which is a Variable expense?
Student Loan
Car loan
Rent
Water
What does the 20% represent?
Bills
Wants
Needs
Savings
What is not an example of savings?
College
Rent or Mortgage
Vacation
Boat
Which would be wise to save for?
Birthday
Car Payment
College
Shopping
Why is savings important?
To enjoy freedom
To have money for fun things
To plan for the future
ALL the ABOVE
Where should your savings go to protect it?
Bank Account
Piggy Bank
Shoe box
Wallet
What does the 30% represent?
Bills
Savings
Wants
Needs
Should our wants outweigh our needs?
yes
no
Should our wants be realistic and reachable?
No
Yes
Why is the savings Rule needed for most people?
To learn to spend money without thinking?
To learn to save money for the future?
To learn to avoid debt
Only save money and spend money
