How would you best spend R1000 in a period of one month as a teenager

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18-09-2022
Business

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How would you best spend R1000 in a period of one month as a teenager

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Parrain Parrain · Answer 1 · 2022-09-21T07:38:10-04:00

As a teenager who has R1,000 to spend in one month, you should save 20%, spend 50% on the things you need, and 30% on the things you want.

How should the money be spent?

One of the best ways to spend money as a teenager is to use the 50/30/20 rule.

This rule means that you spend 50% of the R1,000 on needs such as schooling equipment and essential clothing and school lunch.

30% should then be spent on wants such as new shoes or on going out with friends. 20% of the R1,000 should then be saved which comes to about R200.

Find out more on spending money wisely at https://brainly.com/question/9296469

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