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Water bill is a periodic expenses because they send the bill every three months, the car property tax is another, because it is yearly, the home property tax is yearly, the county decal is yearly, the car tags are yearly, so they are periodic, occasional expenses could be car repair and maintenance to pass inspection, home repair that is needed, moving expense, a needed new computer or work tool, a new car, etc. that you do not incur regularly is an occasional expense, even doctors or hospitals bills. Anything you paid regularly, like rent, mortgage, car insurance, phone is a periodic expense, because it is a monthly, quarter or yearly expense, even loan payments are periodic, if you pay them monthly.

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Q: What does periodic or occasional expenses mean?
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