Which is a type of expense categorized in budgeting?

Monthly periodic expenses refer to costs that are incurred regularly at specific intervals, typically on a monthly basis, such as rent or mortgage payments, utilities, and subscription services. These expenses are essential to account for in budgeting, as they provide a clear picture of ongoing financial obligations that need to be managed each month.

In contrast, future expenses represent anticipated costs that may arise at some point beyond the current budget period, such as potential future repairs or large purchases, but do not fall into the regular budgeting cycle. One-time expenses are usually irregular and can vary significantly from month to month, making it harder to predict and budget for them. Retirement income, while vital in financial planning, does not fit into the category of expenses; rather, it represents income streams that support an individual during retirement.

By focusing on monthly periodic expenses in budgeting, individuals can create a more stable financial plan that effectively accommodates their regular financial commitments, ensuring they can meet their obligations without falling short.