CA$H Maine

Creating Assets, Savings & Hope

Understanding Expenses

Understanding different types of expenses will help you build your budget.

Your expenses can be divided into one of three categories:

Fixed expenses – these usually do not fluctuate and require a set payment on a weekly or monthly basis. Examples of these are: mortgage payment, insurance, car payment, and child support.

Variable expenses – these vary from week to week or month to month.  They are the most flexible.  Examples of these are: food, utilities, cable, gas, clothing, recreation, hobbies, etc.

Periodic expenses – these generally occur once or twice a year.  They include items such as Christmas gifts, car registration, and back-to-school expenses.

Savings and debt payments will also be included in your budget.



< Back to Guide