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

quiz\nquestion 6 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

quiz\nquestion 6 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 different envelopes for various expense - categories. Since Tarik needs a system to physically divide his cash, this method is suitable. The 50 - 30 - 20 method is a percentage - based budgeting system not focused on physical division. Investing in stocks is about growing wealth, not dividing cash for monthly use. Avoiding debt is a general financial principle, not a cash - division strategy.

Answer:

B. Envelope Method