A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Fixed ExpensesCosts that stay roughly the same amount each month, like rent, insurance premiums, or a loan payment, making them easy to plan around.
- Discretionary SpendingMoney spent on nonessential things you want but could go without, like dining out, hobbies, or entertainment.
- Recurring ExpensesCharges that repeat on a regular schedule, such as monthly subscriptions or annual memberships, whether you use them or not.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
- Irregular IncomeEarnings that arrive unpredictably or in varying amounts, common for freelancers, commission earners, and gig workers.
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Plain-English education — not personalized legal, tax, or investment advice.