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What is meant by the phrase your financial commitments?

Updated: 8/21/2019
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9y ago

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Break the phrase down into its parts. Financial refers to money -- whether owed by you or due to you. Commitments are obligations. Financial commitments would be your obligations to pay money to a company or person. These are typically owed regularly. Examples of Personal Financial Commitments include:

  1. child support; garnishments
  2. legal - liens and judgments
  3. other legal garnishments
  4. food
  5. house - mortgage payments
  6. apartment rental payments
  7. car payments
  8. gas, auto upkeep
  9. utility payments
  10. phone payments
  11. cellphone payments
  12. credit card payments
  13. clothing expenses
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8y ago
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