a)Fixed expenses: Fixed expenses remain constant from month to month. A mortgage or rent, health insurance, a car payment, or housing taxes are some examples.
b)Discretionary expenses: Discretionary expenses might vary dramatically from month to month. Dining out, streaming service subscriptions, a club membership, cable, and apparel purchases are all examples.
c)Variable expenses: Variable expenses vary from month to month. Groceries, car maintenance, power, and water use are examples of such expenses.