quiz\nquestion 8 of 6\ncarlos wants to start a budget. he is planning on using the 50/30/20 method. hes…

quiz\nquestion 8 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 8 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

Brief Explanation:

Insurance is a necessary expense to protect against potential financial losses, so it falls under needs in the 50/30/20 budget - method. The 50% is for needs, 30% for wants, and 20% for savings or debt - repayment.

Answer:

Needs