Question

If you're using a 50/30/20 budget,

what percentage of your monthly
income should you spend on savings
and paying off debt?

A: 30%
B: 20%
C: 0%

Answer 1

B: 20%

Step-by-step explanation:

you spend 50% of your after-tax pay on needs

30% on wants, and

20% on savings or paying off debt.

So its B 20%