Financial Literacy: Types of Expenses

A yearly physical at the doctor's office

• Fixed

• Discretionary

• Periodic

• Variable

A monthly mortgage payment for your home

• Fixed

• Discretionary

• Periodic

• Variable

Your water bill

• Fixed

• Discretionary

• Periodic

• Variable

A ticket to your favorite artist's concert

• Fixed

• Discretionary

• Periodic

• Variable

A trip to the emergency room after a sports injury

• Fixed

• Discretionary

• Periodic

• Variable

Your car payment

• Fixed

• Discretionary

• Periodic

• Variable

Buying the latest iPhone

• Fixed

• Discretionary

• Periodic

• Variable

A trip to the grocery store to buy food

• Fixed

• Discretionary

• Periodic

• Variable

An oil change for your car

• Fixed

• Discretionary

• Periodic

• Variable

Your cell phone bill

• Fixed

• Discretionary

• Periodic

• Variable