The Financial Gurus Recommend That, as a General Rule, One

question 13

Multiple Choice

The financial gurus recommend that, as a general rule, one should spend between 25 to 35 percent of one's income on _____.

• A)transportation
• B)utilities
• C)housing
• D)entertainment and recreation

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Definitions:

Social Return

Social return often refers to the non-financial impact of organizations, specifically related to social and environmental factors, aimed at creating a positive change in society.

Financial Value

The economic worth or utility of an asset, investment, or financial decision, often determined by its potential to generate income, profit, or other forms of economic benefit.

National Charities Information Bureau

A former organization dedicated to providing information and evaluation on charities, now part of the Wise Giving Alliance.

Charity Fraud

Illegal acts committed under the guise of charitable activity, often involving the solicitation of funds from unsuspecting donors for personal use or non-charitable purposes.