Section 1 - Instruction

You've learned how to build a budget using the 50/30/20 rule. Now let's practice applying this framework to different income levels and situations!

Practice makes perfect when it comes to budgeting, so let's work through some realistic scenarios together.

Engagement Message

What's the trickiest part of budgeting for you so far?

Section 2 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Let's build a budget for Jordan, who has a net monthly income of $2,500:

Jordan's 50/30/20 Budget

  • Needs (50%): [[blank:$1,250]]
  • Wants (30%): [[blank:$750]]
  • Savings/Debt (20%): [[blank:$500]]

This gives Jordan a clear framework for allocating every dollar.

Suggested Answers

  • $1,250
  • $750
  • $500
  • $625
Section 3 - Practice

Type

Sort Into Boxes

Practice Question

Help categorize these monthly expenses for someone following the 50/30/20 rule:

Labels

  • First Box Label: 50% Needs
  • Second Box Label: 30% Wants

First Box Items

  • Rent
  • Groceries
  • Car Insurance
  • Phone Bill

Second Box Items

  • Netflix
  • Dining Out
  • Gym Membership
  • Concert Tickets
Section 4 - Practice

Type

Multiple Choice

Practice Question

Maria's net income is $4,200 monthly. Her needs total $2,400. According to the 50/30/20 rule, she should allocate no more than how much to needs?

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