Discretionary vs Essential

An expense that can't be eliminated from you day-to-day life.

• Essential expense

• Discretionary expense

An expense for goods and services that are nonessential

• Essential expense

• Discretionary expense

Rent

• Essential expense

• Discretionary expense

Water Bill

• Essential expense

• Discretionary expense

Coffee

• Essential expense

• Discretionary expense

Groceries

• Essential expense

• Discretionary expense

Ice Cream

• Essential expense

• Discretionary expense

Student Loan

• Essential expense

• Discretionary expense

Car Payment

• Essential expense

• Discretionary expense

Take-out

• Essential expense

• Discretionary expense