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Expense for Dummies

noun

pronunciation: ɪk'spɛns

What does Expense really mean?

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Alright, so "expense" is a word that we use to talk about the stuff that we spend money on. Like when we buy things or pay for stuff, that's an expense. It's like the cost of things we need or want. So, when we buy a toy or new clothes, that's an expense. And when we pay for things like food, rent, or electricity, those are also expenses.
But "expense" can also mean something else too. It can be the money that a person or a company has to spend in order to do something. Like if a company has to pay for a big project, all the things they spend money on for that project are their expenses. It can also be used to talk about the money that a person has to spend in order to live or do their job. So, when we talk about managing our expenses, we're talking about figuring out how to handle all the money we need to spend on things. I hope that makes sense! Did that help clarify what "expense" means?

Revised and Fact checked by William Taylor on 2023-11-27 04:22:04

Expense In a sentece

Learn how to use Expense inside a sentece

  • Going out to eat at a restaurant is an expense because you have to pay for the meal.
  • Buying new clothes is an expense because you have to spend money on them.
  • Paying for gas for your car is an expense because it costs money.
  • Renting a movie to watch at home is an expense because you have to pay for it.
  • Getting a haircut at the salon is an expense because you have to pay for the service.

Expense Synonyms

Words that can be interchanged for the original word in the same context.

disbursal disbursement write down write off

Expense Hypernyms

Words that are more generic than the original word.

cost depreciate detriment expenditure hurt outgo outlay spending

Expense Hyponyms

Words that are more specific than the original word.

budget items business expense incidental incidental expense interest expense lobbying expense medical expense minor expense moving expense non-cash expense operating cost operating expense overhead personal expense trade expense travel expense