carlos wants to start a budget. he is planning on using the 50/30/20 method. hes categorizing his expenses…

carlos 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? select a response. needs wants savings debt

carlos 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? select a response. needs wants savings debt

Answer

Brief Explanations:

Insurance is a necessary expense for protection against unforeseen events like accidents, illnesses, or property - damage. In the 50/30/20 budget method, necessary expenses fall under the 'Needs' category.

Answer:

Needs