The $50/30/20$ budgeting technique allocates expenses into the three categories in which manner?

$50\%$ for debt repayment and savings, $30\%$ for wants, and $20\%$ for needs

$50\%$ for needs, $30\%$ for wants, and $20\%$ for debt repayment and savings

$50\%$ for wants, $30\%$ for needs, and $20\%$ for debt repayment and savings

$50\%$ for needs, $30\%$ for debt repayment and savings, and $20\%$ for wants