Question

question 6 of 6
carlos wants to start a budget. he is planning on using the 50/30/20 method.
hes categorizing his expenses. how should he categorize paying his
insurance?
select a response.
needs
wants
savings
debt

Explanation:

The 50/30/20 budget framework allocates 50% to essential, non-negotiable needs. Insurance payments are critical financial protections (e.g., health, home, auto) that are necessary for financial stability and meet the definition of a need.

Answer:

A. Needs