Fixed irregular and discretionary
WebFixed expenses occur in predictable amounts and are usually paid in monthly intervals. Periodic expenses also occur in predictable amounts and intervals, but are much less frequent (i.e. quarterly). Variable expenses … WebJan 17, 2024 · Discretionary expenses Let’s look at each of these different expenses. Fixed Expenses Fixed expenses are necessary ongoing costs that don't change in amount or frequency. They might arrive monthly, twice a year, or once a year. For example, you …
Fixed irregular and discretionary
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WebIrregular: Spending money on goods and services regularly But the amount spent varies. Discretionary : Spending money on things we want but do not need Ms O' Brien Cha nel College Expenditure Fixed Irregular Discretionary Rent Car running costs Presents Mortgage Phone bills Holiday Insurance Groceries Entertainment Clothes Magazine WebStudy with Quizlet and memorize flashcards containing terms like budget, net cash, opening cash and more.
WebApr 6, 2012 · Expenditure Fixed Irregular Discretionary Rent Car running costs Presents Mortgage Phone bills Holiday Insurance Groceries Entertainment Clothes Magazine Ms O' Brien Chanel College 27. Current Expenditure: Spending money on day-to-day items Capital Expenditure: Spending money on durable items for long term usage Ms O' Brien Chanel … Web1. Angela makes a $300 car payment each month fixed 2. Ken paid $50 to get the oil in his car changed irregular 3. Patrick pays a flat rate of $75 for Internet each month fixed 4. Amy paid $150 to the dentist to get her teeth cleaned irregular 5. At Christmas, Elizabeth spent $300 on presents for her family irregular 6.
WebJun 16, 2024 · Discretionary fixed costs are referred to as period specific costs that can be eliminated or reduced without affecting the profitability directly. A discretionary fixed cost is also named as a managed fixed … WebJul 31, 2024 · Fixed expenses, such as rent, stay the same from month to month. Variable expenses are ones that can change, such as gas or food. Cutting costs on fixed expenses can help you save money by lowering …
WebJun 30, 2024 · If you would like to set up a fixed or discretionary trust, you need to consider factors like the overall value of your assets, your marital status and family size, and the needs of your beneficiaries. Once you understand these factors, you can start …
WebSince it is less predictable it is more difficult to plan for irregular spending. Examples of irregular expenditure include : groceries, clothing, fuel, light and heat, telephone bills, education costs and repairs 4. TYPE OF EXPENDITURE Discretionary Expenditure: … simon peckham net worthWebStart studying Strand 1 - Personal Finance 1.1 - 1.3 (pg5 - 48). Learn vocabulary, terms, and more with flashcards, games, and other study tools. simon pearce windsor vt storeWebFixed Expenditure: These are regular payments where the amount paid doesn’t vary with usage, e.g. rent or mortgage payment. Irregular Expenditure: This is where the timing and/or amount of spending will vary. This is normally linked to household usage such … simon peel eastbourneWebJun 30, 2024 · How the discretionary employer matching contribution formula will be allocated to participants, e.g., a uniform percentage of matched employee contributions or a flat dollar amount; The period to … simon pegg and jessica hynesWebMar 17, 2024 · Some fixed expenses may be discretionary, like a gym membership or streaming service subscription. Although these bills are consistent each month, you may still be able to lower their costs. If you’re signed up for a monthly service that you rarely use, … simon pearce woodstock vermontWebJul 31, 2024 · Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. 1 It's much easier to budget for fixed expenses than it is to budget for a variable expense or discretionary expense . Typical household fixed expenses include: simon pearce xmas treeWebDiscretionary Fixed expenditure Items of expenditure where the amount we spend is not related to how much of the item we use. E.g. the cost of our rent/mortgage does not depend on how much time we spend in our house. Irregular expenditure Items of expenditure where the amount we spend changes depending on how much of the item we use. E.g. simon pegg 24 hour party people