sara is a server at a restaurant and most of her pay is in cash. shes used to dealing with cash and has a…

sara 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?\nthe 50 - 30 - 20 method\nthe categories method\npay yourself first\ninvesting in stocks

sara 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?\nthe 50 - 30 - 20 method\nthe categories method\npay yourself first\ninvesting in stocks

Answer

Brief Explanations:

Sara divides her money into different envelopes for various expense - categories like rent, groceries, etc. This aligns with the Categories Method of money management. The 50 - 30 - 20 Method divides income into percentages for needs, wants, and savings. Paying yourself first means saving a portion of income before spending on other things. Investing in stocks is about buying shares.

Answer:

The Categories Method