Saving and Budgeting Trivia: Do You Master Your Money?

In the 50/30/20 budget rule, what does the 20% slice stand for?

• Housing costs
• Fun and wants
• Savings and debt repayment
• Taxes

What is an emergency fund?

• Money invested in stocks
• A cash reserve for unexpected expenses
• A bonus from your employer
• A government grant

A common rule of thumb suggests an emergency fund should cover how much essential spending?

• One week
• Three to six months
• Two years
• Ten years