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What is non-discretionary spending?
Amounts of money which basically have "already been spent" i.e. already encumbered by contracts or promises to pay.
Flexible expenses and discretionary spending are similar in that they both deal with?
Flexible expenses and discretionary spending both involve costs that can be adjusted based on individual choices and circumstances. Flexible expenses, such as groceries and utilities, can vary in amount but are essential for daily living, while discretionary spending includes non-essential items like entertainment and dining out. Both categories allow individuals to manage their budgets by prioritizing or reducing spending according to their financial situation and goals. Ultimately, they reflect a person's ability to control and adapt their spending habits.
In a personal budget how are flexible expenses and discretionary spending similar?
Flexible expenses and discretionary spending are similar in that both can be adjusted based on individual financial situations and priorities. Flexible expenses, such as groceries and utility bills, can vary month to month, while discretionary spending includes non-essential purchases like entertainment and dining out. Both categories allow for personal choice and can be modified to accommodate changing financial needs or goals. Essentially, they both contribute to the overall management of a budget by providing areas where spending can be controlled.
Distinguish between discretionary and non-discretionary fiscal policy?
Non-discretionary policies are ones that automatically happen. A progressive income tax and the welfare system both act to increase aggregate demand in recessions and to decrease aggregate demand in overheated expansions. Discretionary policies are those that the government chooses to do in response to conditions -- e.g. enact a tax rate cut.
How To ensure that you do not have a total consumption budget which two categories should be added to your budget?
To ensure that you do not exceed your total consumption budget, you should add categories for savings and discretionary spending. Including a savings category helps prioritize setting aside funds for future needs or emergencies, while a discretionary spending category allows for flexibility in spending on non-essential items. This approach helps maintain balance and control over your overall budget.
How do you calculate discretionary money?
Discretionary money is calculated by subtracting essential expenses from your total income. First, determine your total monthly income, including salary and any additional sources. Then, list and total all necessary expenses, such as housing, utilities, groceries, and transportation. The remaining amount after these essential expenses is your discretionary money, which can be used for non-essential spending or savings.
What is the difference between a proposition and a non proposition?
difference between a proposition and non proposition
Discretionary project vs non-discretionary project?
Projects where management has a choice in implementing them are called discretionary projects. Projects where no choice exists are called nondiscretionary projects.
What is the opposite of vital?
non-essential,discretionary,optional
What does non discretionary mean?
Required, obligatory, compulsory.
What are non discretionary expenses?
transportation costs entertainment
What is the difference between agriculture and non-agriculture?
Agriculture is farming and non-agriculture is non farming.
