ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Periodic Expenses are items such as insurance or vehicle registration which may be paid annually or quarterly instead of monthly. It is important to set money aside for periodic expenses and unplanned emergencies. Periodic Expenses. Estimated Yearly. Expense.

Detailed explanation-2: -Periodic expenses include any expenses that come up occasionally, and often vary in cost. Periodic expenses aren’t quite as regular as fixed expenses, which stay the same on a monthly basis, or variable expenses, which can change quite a bit.

Detailed explanation-3: -Periodic expenses include things like annual vehicle registration, major car repairs, and holiday gift giving. For things you know are going to come up at least once a year, set aside a little bit each month to cover the cost.

Detailed explanation-4: -Fixed expenses, like rent, stay the same month-to-month. Variable expenses, like food and groceries, can vary month-to-month, and generally aren’t due on a set date. Periodic expenses include expenses that are billed quarterly or annually, as well as expenses like vehicle maintenance that come up now and then.