Rent is a regular expense for individuals who do not own their homes. It is a fixed cost that must be paid monthly to maintain housing.
Option 2: Groceries
Groceries are a necessary expense for purchasing food and household supplies. This is a variable cost that can fluctuate based on consumption and preferences.
Option 3: Saving
Saving is not typically considered an expense. Instead, it is a portion of income set aside for future use or investment. It is more accurately categorized as a financial goal or allocation rather than an expense.
Option 4: Insurance
Insurance is a regular expense that provides financial protection against potential future losses. This includes health, auto, home, and other types of insurance policies that require periodic payments.