Question

Flexible expenses and discretionary spending are similar in that they both deal with :

A) regulations instead of laws .
B) wants instead of needs
C) taxes owed to the goverment
D) types of savings account

Answer 1

Flexible expenses and discretionary spending are similar in that they both deal with B) wants instead of needs.

A flexible expense or discretionary spending both refer to wants instead of needs. A want is something that you are wishful about buying, but, does not need to be purchased for operation of something. Any money that is left over from your needs can be used for a want.