When you analyze how you spend your money, it's helpful to assign each of your expenses to one of three different categories: fixed committed expenses, discretionary expenses, and ___________.

Question

Quizplus · Accepted Answer

Variable committed expenses are the third category, alongside fixed committed expenses and discretionary expenses, in budgeting. These expenses can vary in amount but are typically necessary, such as utility bills or groceries.

When You Analyze How You Spend Your Money, It's Helpful