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

quiz\nquestion 6 of 6\ncarlos 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?\nselect a response.\nneeds\nwants\nsavings\ndebt

quiz\nquestion 6 of 6\ncarlos 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?\nselect a response.\nneeds\nwants\nsavings\ndebt

Answer

Answer:

Needs

Brief Explanations:

Insurance is a necessary expense for protection against risks, fitting the 'Needs' category in the 50/30/20 budget - method where 50% of income is allocated to needs.