Question

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 is a cash-based money management strategy where physical cash is divided into labeled envelopes for different spending categories, which directly meets Tarik's need to physically divide his monthly cash. The 50-30-20 Method is a percentage-based budgeting system that doesn't rely on physical cash division. Investing in stocks is an investment strategy, not a cash division system. Avoiding debt is a financial goal, not a cash management system for physical division.

Answer:

Envelope Method