I am trying to understand the 50/30/20 rule of budgeting, and I want to know which expense category falls under the 'wants' section of this rule.
6
answers
EnchantedDreams
Sat Feb 08 2025
According to the 50/30/20 rule, certain expenses are classified as wants while others are deemed as needs.
emma_lewis_pilot
Sat Feb 08 2025
Health insurance is another necessity, providing financial protection against medical expenses and unforeseen health issues.
JessicaMiller
Sat Feb 08 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts. These include spot trading, futures trading, and a secure wallet for storing digital assets.
DavidLee
Sat Feb 08 2025
A cable TV subscription is qualified as a want because it is considered a non-essential service.
CryptoKnight
Sat Feb 08 2025
On the other hand, the car loan payment is categorized as a need, as it is crucial for transportation and daily commuting.