It’s important to distinguish between expenses. Things are great in moderation, especially when that means you can live a more fiscally comfortable life as a result of your smart spending.

To utilize this page, familiarize yourself with these distinctions:

  1. Fixed expenses: These are the necessary expenses that remain the same each month (including rent, car payment, and insurance). You generally need to make big changes in your life to impact these expenses.
  2. Flexible expenses: These are the necessary expenses that vary each month, including your utilities and weekly grocery bill. You can lower these expenses by changing your habits.
  3. Discretionary expenses: These are personal expenses where you have more control over what and how much to spend. This category can include trips to the coffee shop, nights out at the movies, and trips to restaurants with friends.


discretionary expenses

10 Expenses Destroying Your Budget
Balancing your budget is a pivotal step toward setting yourself up for long-term financial success. By taking an inventory of your expenses and eliminating unneeded items, you can pad your emergency fun, boost retirement savings or take a much-needed vacation.
35 Useless Expenses You Need to Slash from Your Budget Now
To break the paycheck-to-paycheck cycle and stop throwing away money each month, look for these 12 hidden expenses you can slash from your budget now. If you use these cost-cutting strategies, you’ll have more disposable income in your household budget to boost savings or pay down debt.

fixed expenses

10 Tips that Will Save you Money on Rent Right Now
Rent is likely to be your largest single expense, so how can you reduce what you pay? Here are fifteen more comfortable ways to save on rent.
Spending & Saving
This resources touches on Life, Auto, Health, and Home insurance — what they are, tips on deciding how to get insured, and what it all means.
What Car Payment Can You Afford?
It’s smart to spend less than 10% of your monthly take-home pay on your car payment, so you can keep your total car costs below 15% to 20% of your income. Read on for other tips about balancing your car payment.
Car Insurance Basics
Car insurance can have hard-to-understand components, but being aware of what you are paying can help you choose the right policy, and make sure you’re comprehensively insured or reduce some costs. Use this guide to learn about the six basic parts of an insurance policy.
How To Save An Emergency Fund
Whether it’s the expense of a medical emergency or a flood in your living room from a burst pipe, sudden money troubles can undermine even the most sensible planning. To cope with those problems, and even less dramatic ones, it’s a good idea to maintain an emergency fund.
Guide to Combating Medical Debt
Are your sky-high medical bills forcing you to consider bankruptcy? This guide can help you find medical bill assistance programs, walk you through the bankruptcy process and help get your credit back in good standing.
7 Retirement Myths
With fixed expenses comes planning for your retirement. This article provides an overview of topics to think about when saving for retirement now.

flexible expenses

Budget Grocery Shopping Tips to Save Money
Grocery shopping is a significant expense for most families and households, but there are ways to make it more affordable. Here are 25 tips to save money on groceries when you’re shopping with a budget.
How to Save Money on Utilities
Ways to Save Money on Monthly Expenses

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