Budgeting and Personal Finance Quiz

Correct Answers and Explanations

Question 1: According to the 50/30/20 rule, what percentage should go to needs?
A) 50%
B) 30%
C) 20%
D) 40%
Correct: A) 50%
Explanation:

The 50/30/20 rule allocates 50% of after-tax income to needs (essential expenses like rent, food, utilities).

Question 2: How much should you ideally save in an emergency fund?
A) 3-6 айлык жашоо чыгымдары
B) 1 айлык киреше
C) Жылдык маяананын 10%ы
D) 1 жылдык чыгымдар
Correct: A) 3-6 months of living expenses
Explanation:

Financial experts recommend saving 3-6 months of living expenses in an emergency fund to cover unexpected costs.

Back to Home Take Quiz Again