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 money management strategy. This budgeting method involves categorizing spending into three main groups: 50% of income for needs, 30% for wants, and 20% for savings and debt repayment. It is a straightforward way to organize finances and ensure a balanced allocation toward essentials, discretionary spending, and financial goals such as savings or debt reduction.