Question
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 agoRelated Solutions
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