Question2 of 6 Jasmine just received her paycheck. To manage her money, she categorizes spending by needs, wants , and savings and debt What money management strategy Is Jasmine following? Select a response. the envelope method 50-30-20 rule managing money pay yourself first

Question

Question2 of 6 Jasmine just received her paycheck. To manage her money, she categorizes spending by needs, wants , and savings and debt What money management strategy Is Jasmine following? Select a response. the envelope method 50-30-20 rule managing money pay yourself first

Answer 1

B. 50-30-20 rule

Answer 2

## Step 1The problem is asking us to identify the money management strategy that Jasmine is using. She is categorizing her spending into three categories: needs, wants, and savings and debt. ## Step 2The 50-30-20 rule is a money management strategy that divides spending into three categories: needs, wants, and savings and debt. ### **The 50-30-20 rule:**- 50% of your income should go to needs, which are expenses you must pay such as rent, utilities, and groceries.- 30% of your income should go to wants, which are non-essential expenses such as dining out, entertainment, and vacations.- 20% of your income should go to savings and debt, which includes saving for the future and paying off any debts.## Step 3Comparing Jasmine's method of categorizing her spending with the 50-30-20 rule, we can see that they match. Therefore, Jasmine is following the 50-30-20 rule.

Question

Question2 of 6 Jasmine just received her paycheck. To manage her money, she categorizes spending by needs, wants , and savings and debt What money management strategy Is Jasmine following? Select a response. the envelope method 50-30-20 rule managing money pay yourself first

Solution

Resposta

Explicação