Bryan is mapping out essential and non-essential expenses. He owes a car payment of $235 per month for 45 more months. Bryan is thinking about selling the car because he knows he can walk to work, which is only 3 blocks from his home. Which of the following is the correct category for this expense?

a. Emergency fund

b. Essential (fixed) expense

c. Essential (flexible) expense

d. Non-essential expense

Q&A Education