Question

quiz
question 6 of 6
tarik works in a restaurant and gets paid in cash. hes used to dealing in cash, but he needs a system to help him physically divide his cash each month. what money management strategy should tarik use?
select a response.
50-30-20 method
envelope method
investing in stocks
avoiding debt

Explanation:

The Envelope Method involves physically dividing cash into envelopes for different purposes (e.g., bills, savings, spending), which matches Tarik's need to physically divide his cash. The 50 - 30 - 20 Method is more about percentage allocation of income (50% needs, 30% wants, 20% savings) and less about physical division. Investing in stocks is for growing money, not physical division, and avoiding debt is a general principle, not a division strategy.

Answer:

B. Envelope Method