keon receives a $1,000 paycheck. according to the 50/30/20 rule, how much should he put aside for saving?
He should set aside $200 for saving. The 50/30/20 rule says 20% of your take‑home pay goes to savings or extra debt payments.
For a $1,000 paycheck:
- 20% of 1,000 = 0.20 × 1,000 = $200.