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28 July, 01:04

What percentage of your salary should go to savings? A. 5% B. 10% C. 20 D. 50%

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  1. 28 July, 04:10
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    20% of your salary should go to savings.

    Option - C

    Explanation:

    At least 20% of your money should be spent on investments. More is all right; less is not recommended. Meanwhile, another 50 percent (maximum) is expected to go to needs, while 30 percent goes to budgetary items.

    This is termed the 50/30/20 thumb rule, which offers quick and easy guidance. To take a quick look to find out how much you need to save each month, consider looking at your objectives. Broadly speaking, the economic goals will be broken down into three buckets:

    Expenditures come in less than a year. Expenditures to come in less than a decade. Quite long-term costs that are a century or more out.
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