What is the 50/30/20 spending plan?

A. A set of rules for creating income targets when seeking a full-time job
B. A set of rules for dividing your monthly income among fixed expenses, flexible expenses, and savings
C. A set of rules for deciding how much you should spend on eating out, buying groceries, and inviting people to your house for a meal
D. A set of rules for dividing your savings between stocks, bonds, and passbook savings accounts


Answer: B

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