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

question 6 of 6\ncarlos wants to start a budget. he is planning on using the 50/30/20 method.\nhes categorizing his expenses. how should he categorize paying his\ninsurance?\nselect a response.\nneeds\nwants\nsavings\ndebt

question 6 of 6\ncarlos wants to start a budget. he is planning on using the 50/30/20 method.\nhes categorizing his expenses. how should he categorize paying his\ninsurance?\nselect a response.\nneeds\nwants\nsavings\ndebt

Answer

Brief Explanations:

The 50/30/20 budget framework allocates 50% to essential, non-negotiable needs. Insurance payments are critical financial protections (e.g., health, home, auto) that are necessary for financial stability and meet the definition of a need.

Answer:

A. Needs