50-20-30 Quiz


50-20-30 Quiz

1. Before calculating your 50/20/30, divide your gross salary by 12 so you know how much money to allocate in each category per month.


2. Which of the following items from your 20 (your financial commitments) are missing?


3. The following items does not belong in your 50 (your expenses):


4. According to the 50/20/30 rule, no more than 50% of your paycheck should go toward your expenses.


5. If you have an bill due only once or twice a year, to fit it into your budget you must pay the bill from your 20 (Your Financial Commitments) so it does not throw off your monthly calculations.


Question 1 of 5

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