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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%
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37 votes
37 votes
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%

User Ratique
by
3.1k points

1 Answer

19 votes
19 votes

Answer:

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%

User Uzhas
by
2.5k points
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