Cryptocurrency Q&A Which of the following expenses is a want according to the 50/30/20 rule?

Which of the following expenses is a want according to the 50/30/20 rule?

DondaejiDelightfulCharm DondaejiDelightfulCharm Fri Feb 07 2025 | 6 answers 1331
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. Which of the following expenses is a want according to the 50/30/20 rule?

6 answers

EnchantedDreams EnchantedDreams Sat Feb 08 2025
According to the 50/30/20 rule, certain expenses are classified as wants while others are deemed as needs.

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emma_lewis_pilot emma_lewis_pilot Sat Feb 08 2025
Health insurance is another necessity, providing financial protection against medical expenses and unforeseen health issues.

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JessicaMiller 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.

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DavidLee DavidLee Sat Feb 08 2025
A cable TV subscription is qualified as a want because it is considered a non-essential service.

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CryptoKnight 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.

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