According to the 50-30-20 rule, you should plan on spending 20 percent of your income on _____.A.wantsB.goalsC.needsD.entertainmentSUBMITarrow_backPREVIOUS

Why is it important to save a portion of your income?*1 pointTo be able to spend more on entertainmentTo be prepared for unexpected expensesTo avoid paying for taxesTo qualify for a loan

Which of the following statements is not good advice for prioritizing your spending?Group of answer choicesFirst determine your needs and wants.Use your "want money" on little everyday purchases rather than on big purchases.Focus on spending your "want money" on things that will improve your quality of life.Don’t use your "want money" on things that are "flashy" but don’t really have much value.

In a month a man spends 20% of his income on rent, 40% on food, 15% on education, 5% on charity and 8% on entertainment. The rest of the money he saves. If his saving in a month is Rs. 3600

If average income goes from $30,000 to $33,000 and consumption increases from $29,000 to $31,000, the marginal propensity to consume is ______________.Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.a.67b1.5c1.06d0.96

Fill in the Blank QuestionFill in the blank question.A good rule of thumb is to limit consumer payments to 20% of -tax income.