Assuming all of the following are in your personal monthly budget,your ________ payment is considered a discretionary outlay.

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Discretionary outlays are expenses that can be cut back or eliminated without causing financial hardship. Mortgage/rent, car insurance, water bills, and income tax are considered fixed costs that are necessary for maintaining basic needs and are not easily adjustable. However, cable TV service is an optional expense that can be reduced or eliminated if necessary.

Assuming All of the Following Are in Your Personal Monthly