question # of 6 tarik works in a restaurant and gets paid in cash. hes used to dealing in cash, but he needs…

question # of 6 tarik 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? select a response. 50 - 30 - 20 method envelope method investing in stocks avoiding debt

question # of 6 tarik 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? select a response. 50 - 30 - 20 method envelope method investing in stocks avoiding debt

Answer

Brief Explanations:

The envelope method is a cash - based money management strategy where one divides cash into different envelopes for various expense categories. Since Tarik deals with cash and needs to physically divide it, this method is suitable. The 50 - 30 - 20 method is more about percentage - based allocation of income rather than physical division of cash. Investing in stocks is not related to physically dividing cash for monthly expenses. Avoiding debt is a general financial goal, not a method for physically dividing cash.

Answer:

Envelope Method