To apply the envelope method for his estimated $100 dining expense this month, Raymond will

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Quizplus · Accepted Answer

The envelope method involves setting aside cash in labeled envelopes for specific categories of expenses, such as dining. This helps to limit spending in each category and makes it easier to stick to a budget. Therefore, placing $100 in an envelope labeled "Dinner" and paying cash for dining expenses is the best choice. Using a credit card may not provide the same level of accountability and could result in overspending. Borrowing or lending money for dining expenses is not a sustainable or responsible way to manage money.

To Apply the Envelope Method for His Estimated $100 Dining