tarik works in a restaurant and gets paid in cash. he's 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?

5 hours ago 1
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Tarik should use the Envelope Method to physically divide his cash each month. This money management strategy involves allocating specific amounts of cash to different envelopes, each designated for particular expenses such as rent, groceries, utilities, and savings. By using the Envelope Method, Tarik can better manage his money and ensure that each expense category has sufficient funds allocated to it. The Envelope Method is especially effective for those who get paid in cash and prefer a tangible way to budget and track spending throughout the month. It helps in controlling spending and avoiding overspending by visually and physically separating money for different purposes.