The average person has roughly 50% of their budget available to spend on food, housing, and other living expenses. The answer should be (c).
What is budget?
An estimate of the amount of money required each month to satisfy living expenses or for a specific purpose is called a “budget.”
The most typical budget plan is broken into 50/30/20. You spend around 50% of your income there on the bare minimum essentials, 30% on luxuries like eating out, and at least 20% on savings.
As a result, option (c) is correct.
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