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In: Finance

You should spend money on​ housing, clothing and basic insurance before investing. True False

You should spend money on​ housing, clothing and basic insurance before investing.

True

False

Solutions

Expert Solution

Answer:True

Because NEEDS should be fulfilled first before investment.The 50/30/20 budgeting rule says 50% of the earnings should be allocated to Needs , 30% for wants and 20% for savings or investment.

jeff jeffy answered 2 years ago
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