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PilotLPTM [1.2K]
3 years ago
12

What are the potential risks of having all three of these buckets (savings, investments and debt payments) belong in the same ca

tegory?
Business
1 answer:
Vlad [161]3 years ago
5 0

The potential risks that these three groups fall into the same category is that it is a low percentage and it is not a realistic proposition.

According to the theory of 50, 20, 30, a person's salary should be divided into 3 buckets that are:

  • 50% of salary must go towards mandatory expenses (housing rent payments, utilities, medical care, basic food, and transportation).
  • 20% of the salary must be used for savings and debt payments (programmed savings for old age or a special event, or the payment of debts such as card payments, bank loans, among others).
  • 30% of the salary must be allocated for non-priority expenses (it is the expenditure of money on experiences, objects, or others that are not essential for the individual).

This income distribution is unrealistic because most people spend more than 50% of their salary on compulsory expenses, reducing their economic capacity for other purposes.

In this way, the 20% destined to savings and payment of debts would be a minimum amount of the salary, which could have serious consequences such as:

  • Inability to pay debts
  • Inability to save for the future

Learn more in: brainly.com/question/12198015

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Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

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2 years ago
Produced by paul, the ____________ album was recorded between 2/77 and 1/78 in both the uk and off the virgin islands during six
belka [17]

Answer:

London town

Explanation:

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3 years ago
A ________ state is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs a
stepan [7]

A rogue state is one that has unstable leadership and the policies are driven by ideologies instead of economic costs or benefits.

<h3>What is a state?</h3>

A state is a territory that belongs to one country. It is having its own government which runs that particular state or province.

A rogue state is a kind of state which is responsible for shattering and disrupting global laws and is also considered a danger to other countries or nations in the whole world. North Korea, Libya, Iran, Iraq, and Cuba are labeled as rogue states. These states are not driven by an economy and are actually driven by the ideologies developed by their presidents.

Therefore, the state is driven by ideologies instead of an economy that is considered to be a rogue state.

Learn more about the rogue state in the mentioned link:

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7 0
1 year ago
The statement of cash flows shows the following information: Cash provided by operating activities of $18,200 Cash used by inves
Rudiy27

Answer:

$27,400

Explanation:

The amount of cash at the end of the period is calculated as;

Cash provided by operating activities

$18,200

Cash used by investing activities

($6,700)

Cash used by financing activities

($1,200)

Net increase (decrease) in cash balance

(a) $10,300

Cash at the beginning of the year

(b) $17,100

Cash at the end of the year

c = (a) + (b) = $27,400

8 0
2 years ago
Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is
kicyunya [14]

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.

<h3>What is the cost?</h3>

Generally, payment is required before it can be obtained or completed.

In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.

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2 years ago
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