question 1 of 5\nsara is a server at a restaurant and most of her pay is in cash. shes used to dealing with…

question 1 of 5\nsara is a server at a restaurant and most of her pay is in cash. shes used to dealing with cash and has a system where she divides her money into different envelopes each month. she has one envelope for rent, one for groceries, one for gas, etc. at the end of each month, she takes one envelope for savings and deposits it into her savings account. what money management strategy is sara using?\ninvesting in stocks\nthe categories method\npay yourself first\nthe 50 - 30 - 20 method

question 1 of 5\nsara is a server at a restaurant and most of her pay is in cash. shes used to dealing with cash and has a system where she divides her money into different envelopes each month. she has one envelope for rent, one for groceries, one for gas, etc. at the end of each month, she takes one envelope for savings and deposits it into her savings account. what money management strategy is sara using?\ninvesting in stocks\nthe categories method\npay yourself first\nthe 50 - 30 - 20 method

Answer

Brief Explanations:

Sara divides her money into different - named envelopes for various expenses and savings. This is characteristic of the Categories Method where money is allocated to different categories. She is not investing in stocks, nor is she following the "pay - yourself - first" principle (which usually means saving a portion before spending on anything else) or the 50 - 30 - 20 method (which divides income into percentages for needs, wants, and savings).

Answer:

B. The Categories Method