jasmine just received her paycheck. to manage her money, she categorizes spending by needs, wants, and savings and debt. what money management strategy is jasmine following?

Jasmine is following the 50-30-20 rule money management strategy. She’s dividing her paycheck into:

• Needs (typically about 50% of income)
• Wants (about 30%)
• Savings and debt repayment (about 20%)

That structure of “needs, wants, and savings/debt” is exactly how the 50-30-20 budgeting method is commonly defined in personal finance materials and quiz explanations.