Question

In the 50/30/20 rule, what does 50 represent?

A. 50% of income for wants
B. 50% of your income for food
C. 50% of income for needs
D. 50% of income for savings

Answer 1

[AI-generated answer — Bot GPT 3.5]

C. 50% of income for needs

Answer 2

[AI-generated answer — Step-by-Step Bot]

In the 50/30/20 rule, the 50 represents:

C. 50% of income for needs