ACTIVITY: Expense Estimator

Use the worksheet below to list your expenses. Decide if the expense is non-discretionary or discretionary.

Non-Discretionary Expenses are expenses you must pay, you have no choice. This includes: taxes, statutory deductions like EI, and CPP, child support, spousal support, and health insurance.

Discretionary Expenses are optional, you choose them. They include family expenses like food, housing, and clothing, as well as car insurance, activity fees, school expenses, entertainment, and travel. Things like food and shelter are not optional, but you choose what you eat and where you live.