In the process of creating his budget, Thomas must consider his nondiscretionary expenditures before his discretionary expenditures. What would most likely be one of his nondiscretionary expenditures?

Question

Quizplus · Accepted Answer

One of Thomas's nondiscretionary expenditures would most likely be his mortgage payments. Season tickets to his local sports team, an engagement ring for his girlfriend, a new suit to wear to his brother's wedding, and his cable TV bill are all discretionary expenditures. Nondiscretionary expenditures must be considered first because they are the bills a person must pay, such as tuition, rent, and utilities.

In the Process of Creating His Budget, Thomas Must Consider