question 8 of 6\ntarik works in a restaurant and gets paid in cash. hes used to dealing in cash, but he…

question 8 of 6\ntarik 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?\nselect a response.\n50 - 30 - 20 method\nenvelope method\ninvesting in stocks\navoiding debt

question 8 of 6\ntarik 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?\nselect a response.\n50 - 30 - 20 method\nenvelope method\ninvesting in stocks\navoiding debt

Answer

Brief Explanations:

The envelope method involves physically dividing cash into envelopes for different spending categories, which suits Tarik's need to physically divide his cash. The 50 - 30 - 20 method is more about percentage - based allocation of income to needs, wants and savings without a physical division aspect. 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