which budgeting method will work for kalik?\nkalik wants to use a new budgeting method. he wants to use a…

which budgeting method will work for kalik?\nkalik wants to use a new budgeting method. he wants to use a simple method where he doesnt need to monitor every single purchase he makes. he wants to sort his money into categories like wants, needs, and savings, and use percentages rather than use set amounts.\nwhich method should he use?\nselect a response. submit your response to continue.\n50 - 30 - 20 method\nenvelope method\npay yourself first\n\no budget\ method

which budgeting method will work for kalik?\nkalik wants to use a new budgeting method. he wants to use a simple method where he doesnt need to monitor every single purchase he makes. he wants to sort his money into categories like wants, needs, and savings, and use percentages rather than use set amounts.\nwhich method should he use?\nselect a response. submit your response to continue.\n50 - 30 - 20 method\nenvelope method\npay yourself first\n\no budget\ method

Answer

Brief Explanations:

The 50 - 30 - 20 method involves dividing income into three categories (needs - 50%, wants - 30%, savings - 20%) using percentages. It is simple and doesn't require monitoring every purchase. The envelope method involves using physical envelopes for different spending categories with set amounts of cash. Pay Yourself First focuses on saving first and then spending the remaining. The "No Budget" method implies no structured way of managing money. Since Kalik wants to use percentages and sort money into wants, needs, and savings in a simple way without monitoring every purchase, the 50 - 30 - 20 method is suitable.

Answer:

50-30-20 Method