what will be the correlation coefficient between spending and saving
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A simple rule of thumb many people use for budgeting is 50/20/30. 50 percent of your take-home pay goes toward fixed expenses (mortgage or rent, utilities or loan payments). 20 percent of your take-home pay goes toward savings for the future. No more than 30 percent goes toward discretionary spending (your wants)
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what will be the correlation coefficient between spending and saving
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