ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Approximately $39 per month
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Approximately $15 per month
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Approximately $50 per month
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Approximately $27 per month
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Detailed explanation-1: -Our 50/30/20 calculator divides your take-home income into suggested spending in three categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment.
Detailed explanation-2: -At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go toward necessities, while 30% goes toward discretionary items. This is called the 50/30/20 rule of thumb, and it provides a quick and easy way for you to budget your money.
Detailed explanation-3: -Pick Up a Side Job. Sell Your Stuff. Make Your Credit Card Work for You. Cut Back on Your Monthly Food Budget. Use Your Car to Make a Little Cash on the Side. Make Money With Your Home. Spend Less on Your Workout. Find Deals on Outdoor Equipment. 21-Feb-2023
Detailed explanation-4: -Reduce your mortgage payment. Downsizing your living space. Cancel subscriptions. Shop at discount grocery stores. Switch insurance companies. Get organized. Pay off debt. Find free things to do to save money each month. More items •09-Dec-2022