The Lees have a combined net income of $4933 a month. Find the amount they should allot for each category if they aim to follow the 50/30/20 rule for their budget. Round your answers to the nearest cent, if necessary.
According to the 50/30/20 rule, the Lees should allocate 50% of their income to needs, 30% to wants, and 20% to savings.
50% of $4933 = $2466.50 for needs
30% of $4933 = $1480.50 for wants
20% of $4933 = $986.60 for savings
Therefore, the Lees should allot $2466.50 for needs, $1480.50 for wants, and $986.60 for savings.