Types of Expenses

Consider Tenant's Insurance, do you believe that this is a discretionary or a non-discretionary expense?

Tenant's Insurance is in fact a non-discretionary expense, and it is fixed.

Consider Furnishings, do you believe that this is a discretionary or a non-discretionary expense?

Furnishings are in fact a non-discretionary expense, and it could be both fixed or variable.

Consider Groceries, do you believe that this is a discretionary or a non-discretionary expense?

Groceries are in fact a non-discretionary expense, and it is variable.

Consider Entertainment, do you believe that this is a discretionary or a non-discretionary expense?

Entertainment is in fact a discretionary expense.