![]() ![]() Entertainment costs can usually be broken down further into categories such as a cable television subscription, music downloads, dinners at restaurants, and vacations. When financial advisors counsel individuals, they routinely ask them to estimate their expenses, separating those that are necessary and non-negotiable, like mortgage and car payments, and those that are flexible, like entertainment costs. Periodic expenses are normally bills that are charged quarterly or yearly such as. To note your flexible expenses, review your credit card and checking account statements every month to see what non-essential items you are spending money on. Periodic expenses are incurred costs that happen less frequently than monthly. Examples of variable business expenses would be payroll for a company with a large amount of freelance personnel, or overtime expenditures.To create a budget and stick to it, it is critical that both fixed and flexible expenses are included. ![]() Other examples of periodic expenses include: In addition to periodic and fixed expenses. Tuition can be paid quarterly, but isn’t paid on a consistent, monthly basis. For example, tuition payments would be a periodic expense. Unlike fixed expenses, they don’t occur on a monthly basis. Even inflexible expenses can contain flexible components, such as choosing more affordable substitutes. Periodic expenses are irregular yet predictable expenses.Flexible expenses stand in contrast to fixed expenses, also known as inflexible expenses.In personal budgeting, a flexible expense is a non-essential expense that can be cut back or eliminated. Throughout the year, other unanticipated or lump sum expenses can include car repair bills, medical expenses, annual insurance premiums, gifts and special. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |