Expenditure

Question 0

Capital Expenditure

Answer 0

Capital Expenditure is spending on an item that will give benefit for a long period of time, usually more than one year, e.g. new furniture or a car.

Question 1

Current Expenditure

Answer 1

Current Expenditure is ongoing some dim on items that give benefit for a short period of time, usually less than one year, e.g. spending on food and electricity.

Question 2

Standing Order - SO

Answer 2

Stands at the same amount on the same date unless you change it, e.g. Rent €1000.00 per month.

Question 3

Direct Debit - DD

Answer 3

Payment made on the same date every month but the amount can change, e.g. ESB - electricity bill, phone bill

Question 4

Impulse Buying

Answer 4

Impulse buying is unplanned spending ie. buying something on the spur of the moment because it seems to be attractive at the time.

Question 5

False Economy

Answer 5

A false economy is spending money on something which initially appears to save you money but over a longer period of time costs you more money.