Are You a Budgeting Pro?

Allocate 50% of income to living expenses, 20% to savings and debt, and 30% for wants (correct)

Allocate 40% of income to living expenses, 30% to savings and debt, and 30% for wants

Allocate 20% of income to living expenses, 30% to savings and debt, and 50% for wants

Allocate 30% of income to living expenses, 20% to savings and debt, and 50% for wants

Building an emergency savings fund and saving for retirement (correct)

Tracking spending and evaluating income allocation

Paying off debt and investing

Setting up a direct deposit and cutting back on electricity use

Budgets are like diets: the more complex, the better

Budgets are like diets: the best one is the one you can stick to (correct)

Budgets are like diets: the stricter, the better

Budgets are like diets: the one that requires the most sacrifices is the best