question 6 of 6\ntarik works in a restaurant and gets paid in cash. hes used to dealing in cash,\nbut he…

question 6 of 6\ntarik works in a restaurant and gets paid in cash. hes used to dealing in cash,\nbut he needs a system to help him physically divide his cash each month. what\nmoney management strategy should tarik use?\nselect a response.\n50 - 30 - 20 method\nenvelope method\ninvesting in stocks\navoiding debt

question 6 of 6\ntarik works in a restaurant and gets paid in cash. hes used to dealing in cash,\nbut he needs a system to help him physically divide his cash each month. what\nmoney management strategy should tarik use?\nselect a response.\n50 - 30 - 20 method\nenvelope method\ninvesting in stocks\navoiding debt

Answer

Brief Explanations:

The Envelope Method is a physical way to divide cash. You allocate money into different envelopes for different expenses (e.g., rent, groceries). Since Tarik needs a system to physically divide his cash, this method fits. The 50 - 30 - 20 Method is a percentage - based budgeting (50% needs, 30% wants, 20% savings) but not physical. Investing in stocks is about growing money, not dividing cash. Avoiding debt is a financial principle, not a cash - dividing system.

Answer:

Envelope Method