Question

@JJ_Stark

In a personal budget, how are fixed expenses and discretionary spending different?

A. One deals with regulations; the other deals with laws.
B. One deals with federal taxes; the other deals with state taxes.
C. One deals with needs; the other deals with wants.
D. One deals with production; the other deals with consumption.

Answer 1

i looked it up i think its a

Answer 2

(Fixed Expense) Any expense that does not change from period to period, such as loan payments.

Answer 3

Discretionary spending is a spending category through which governments can spend through an appropriations bill. This spending is optional as part of fiscal policy, in contrast to entitlement programs for which funding is mandatory. ...

Answer 4

~google definitions

Answer 5

b

Answer 6

@JJ_Stark what do you think

Answer 7

I would say C

Answer 8

i think so too

Answer 9

As far as for a personal budget goes anyway.

Answer 10

why tho?

Answer 11

because loan payments and such are needs.. yet the other where you choose to spend is wants

Answer 12

Your fixed expenses are things that you need. They're fixed for a reason; things like rent and bills and paying for food and loans among other things NEED to be paid.

Answer 13

Discretionary spending are things that you choose that you do not necessarily need, but more so of WANT.

Answer 14

i understand from the example thank you

Answer 15

You're welcome