Expense

An expense means money spent to pay for goods, services, or obligations. In simple terms, an expense is money going out. Expenses are important because they affect how much money a person, business, or government has left after paying for needs and activities. Managing expenses well can help improve savings, profit, and financial stability. For example, rent, food, transportation, utilities, wages, and loan payments can all be expenses. An expense is not the same as debt. An expense is money spent, while debt is money owed and usually paid back over time.