This corresponds to the following spending categories are:
- Needs=50%
- Wants=30%
- Savings=20%
What is 50 30 20 rule to budget ?
50/30/20 rule to budget can be defined as the way that enables a company to manage their finances effectively.
It enables a company to easily divide their after tax income into three different stages which includes:
- Needs=50%
- Wants=30%
- Savings=20%
Therefore this corresponds to the following spending categories are; Needs 50%, Wants 30% and Savings 20%.
Learn more about 50 30 20 rule to budget here: https://brainly.com/question/15608259
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