SSC MTS EXAM

Detailed explanation-1: -You might think expenses are expenses. If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways: fixed, recurring, non-recurring, and whammies (the worst kind of expense, by far).

Detailed explanation-2: -Spending money is money that you have or are given to spend on personal things for pleasure, especially when you are on holiday. You can rapidly use up your spending money buying drinks. Collins COBUILD Advanced Learner’s Dictionary.