Personal Expense for Dummies
noun
What does Personal Expense really mean?
Personal expense refers to the money that individuals spend on their own needs and wants.
Let's imagine you are going to a toy store to buy a toy that you really like. Before going there, think about where the money is coming from. Will you be using your own money or will someone else be giving you money to buy the toy?
When you spend your own money to buy something like toys, snacks, or clothes, it is called a personal expense. It is the money that you use to buy things that you want or need for yourself.
Now, let's consider another situation. Imagine you are going to a store to buy a gift for your friend's birthday. Your friend's parent gives you some money to buy the gift. In this case, the money you are using is not your own, but it belongs to your friend's parent. This would not be considered a personal expense because it is not your money that you are spending.
So, to sum it up, personal expense means the money you spend on things that you want or need for yourself. It is the money you have in your own pocket, not someone else's.
Revised and Fact checked by Mia Harris on 2023-10-29 19:08:11
Personal Expense In a sentece
Learn how to use Personal Expense inside a sentece
- Buying a new toy with your own money is a personal expense.
- Paying for your own candy at the store is a personal expense.
- If you use your money to buy a book for yourself, it's a personal expense.
- If you spend your own money to buy a ticket to a movie, that's a personal expense.
- When you use your own money to purchase a gift for someone, it becomes a personal expense.
Personal Expense Hypernyms
Words that are more generic than the original word.