Question

When budgeting for your immediate needs, you should divide them into what two categories of expenses

Answer 1

Fixed expenses and flexible expenses or Discretionary expenses

Answer 2

discretionary and fixed expenses.

Step-by-step explanation:

The primary expenses of any organization are broken down into fixed and discretionary. Fixed expenses refer to commitments established in the legislation: individual rights (social security, social assistance, unemployment insurance, etc.) constitutional minimum, bonds and salaries of civil servants, for example. Discretionary expenses are those over which the organization has some degree of decision, such as flow control expenses, for example.

In summary, when planning your immediate needs, you should divide them into two categories of expenses: discretionary and fixed expenses.