The 50-30-20 Rule Quiz
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Questions and Answers

According to the 50-30-20 rule, what percentage of your income should be allocated for needs?

  • 50% (correct)
  • 30%
  • 20%
  • 10%
  • According to the 50-30-20 rule, what percentage of your income should be allocated for wants?

  • 50%
  • 10%
  • 30% (correct)
  • 20%
  • According to the 50-30-20 rule, what percentage of your income should be allocated for savings and debt repayment?

  • 10%
  • 20% (correct)
  • 50%
  • 30%
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