question 6 of 6 carlos wants to start a budget. he is planning on using the 50/30/20 method. hes…

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

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

Answer

Brief Explanations:

Insurance is typically considered a necessary expense for financial protection against unforeseen events like accidents, illnesses, or property damage. In the 50/30/20 budget - method, needs are essential expenses that must be covered.

Answer:

A. Needs