question 6 of 6 tarik works in a restaurant and gets paid in cash. hes used to dealing in cash, but he needs…

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

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

Answer

Brief Explanations:

The envelope method involves physically dividing cash into different envelopes for various spending - categories. Since Tarik needs a system to physically divide his cash each month, the envelope method is the most suitable. The 50 - 30 - 20 method is a percentage - based budgeting method not focused on physical division. Investing in stocks is not a way to physically divide cash for monthly spending, and avoiding debt is a general financial goal, not a cash - division strategy.

Answer:

B. Envelope Method