In the 50-30-20 budgeting method, saving for emergency expenses would fall under which category?
Question
Solution 1
The 50-30-20 budgeting method divides your after-tax income into three main categories: needs, wants, and savings. Here's a breakdown of these categories:
- 50% for Needs: This includes all the necessary expenses that you must pay to live and function. Examples are rent or mortgage, utilities, Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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