![]() Other examples of periodic expenses include: In addition to periodic and fixed expenses. Tuition can be paid quarterly, but isn’t paid on a consistent, monthly basis. For example, tuition payments would be a periodic expense. Unlike fixed expenses, they don’t occur on a monthly basis. As such, discretionary expenses rarely have anything to do with a business or household's day-to-day operations and, instead, have to do with lifestyle and choice. Periodic expenses are irregular yet predictable expenses. These are generally considered wants, while non-discretionary expenses are usually referred to as needs. While non-discretionary expenses are considered mandatory-housing, taxes, debt, and groceries-discretionary expenses are any costs incurred above and beyond what is deemed necessary. An example can be the payment of insurance premiums on a quarterly. ![]() Expenses which take place on an irregular basis. ![]() Discretionary expenses vary depending on the business or person.Įxpenses are divided into several categories, namely non-discretionary and discretionary. Find the legal definition of PERIODIC EXPENSES from Blacks Law Dictionary, 2nd Edition.Tracking discretionary expenses enables businesses and households to identify where they can save money in times of financial difficulties.In a corporate environment, discretionary expenses are usually costs linked with improving a company’s reputation among its customers and employees.A discretionary expense is a cost that is not essential for the operation of a home or a business.
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