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What are 5 different expenses?

The several types of expenses are: Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses. Non-Cash Expenses. Prepaid Expenses. Accrued Expenses.

What are common monthly expenses?

The most common monthly expenses to factor into your budget include: Housing. ... Food and dining out. ... Transportation. ... Child care and pet care. ... Cellphone. ... Health insurance. ... Debt payments. ... Savings contributions.

What are considered to be living expenses?

An individual's ordinary and necessary living expenses include rent, mortgage payments, utilities, maintenance, food, clothing, insurance (life, health and accident), taxes, installment payments, medical expenses, support expenses when the individual is legally responsible, and other miscellaneous expenses which the ...

What are 10 examples of expenses?

Common expenses might include: Cost of goods sold for ordinary business operations. Wages, salaries, commissions, other labor (i.e. per-piece contracts) Repairs and maintenance. Rent. Utilities (i.e. heat, A/C, lighting, water, telephone) Insurance rates. Payable interest. Bank charges/fees.

Which one is an example of expense?

An expense is the cost of operations that a company incurs to generate revenue. As the popular saying goes, \u201cit costs money to make money.\u201d Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.

list of expenses

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What are daily living expenses?

Basic living expenses, as the name implies, are ones necessary for daily living. Basic living expenses, as the name implies, are ones necessary for daily living, with main categories including housing, food, clothing, transportation, healthcare, and relevant miscellaneous costs.

What are normal expenses?

20 Common Monthly Expenses to Include in Your Budget Housing or Rent. Housing and rental costs will vary significantly depending on where you live. ... Transportation and Car Insurance. ... Travel Expenses. ... Food and Groceries. ... Utility Bills. ... Cell Phone. ... Childcare and School Costs. ... Pet Food and Care.

What are 10 examples of expenses?

Common expenses might include: Cost of goods sold for ordinary business operations. Wages, salaries, commissions, other labor (i.e. per-piece contracts) Repairs and maintenance. Rent. Utilities (i.e. heat, A/C, lighting, water, telephone) Insurance rates. Payable interest. Bank charges/fees.

What are 4 examples of expenses?

Types of Expenses Operating. Cost of Goods Sold (COGS) Marketing, advertising, and promotion. Salaries, benefits, and wages. Selling, general, and administrative (SG&A) Rent and insurance. Depreciation and amortization. Non-operating. Interest. Taxes. Impairment charges.

What are typical monthly living expenses?

Average monthly expenses per household: $5,111. The average expenses per month for one consumer unit in 2020 was $5,111. That means the average spending per year is $61,334. Keep in mind that living cost varies by region -- some cities are very affordable, while others are extremely expensive.

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