A good rule of thumb is to limit consumer credit payments to no more than ________ percent of your net (after tax)income.
A)20
B)30
C)40
D)50
E)60

Question

Quizplus · Accepted Answer

A common guideline for managing personal finances is to limit consumer credit payments to no more than 20% of your net (after-tax) income. This helps ensure that debt remains manageable and does not overburden your financial situation.

A Good Rule of Thumb Is to Limit Consumer Credit