Question

20

Apply the 50-30-20 Rule to the context below and determine how much money is left over.
You share an apartment with two friends, and the rent and utilities are split equally by all three tenants. Find the
amount left for savings if your bi-weekly net income is $1,391.50.
Total Rent: $1,100
Public Transportation: $88
Cell Phone: $68
Total Utilities: $327
Renter's Insurance: $48.20
Gym Membership: $50
Cable & Streaming Services: $175
Dining Out / Entertainment: $300
3% of Gross into a 401k Savings Plan
Credit Cards: $102
Student Loans: $150
1. Given this monthly budget, how much net income gets applied to each of the "Need/Wants/Debt-Savings"
categories?
50%
30%
20%
2. Subtract each deduction from the monies found in 1). How much remains in each category?
50%
30%
20%
3 How much money remains? What changes would you recommend to improve this budget?

Answer 1

:)


Step-by-step explanationEl 50% para tus gastos más básicos, el 20% para ahorros y el 30% para tus gastos personales. Esta es la conocida como regla 50/20/30, la cual, se empieza a aplicar en distintos países, como Estados Unidos, siendo un hábito frecuente a la hora de distribuir los ingresos de cada uno.: