What are special expenditures

Can you better explain what counts as a special expenditure?

Comments

Special expenditures are non-discretionary -- spending you just have to do no matter what. Examples here are paying for your child's college tuition or your daughter's wedding. Taking a trip around the world would not be a special expenditure unless you have your heart completely set on it. Whatever you decide do constitute non-discretionary expenditures, you still have to decide how large to make those expenditures. You can stay in 5 star or 3 star hotels on your around-the-world trip. You can enter the 5-star trip and see how that affects the level of your living standard (your discretionary spending per equivalent adult) versus taking a 3-star trip around the world.
Hope this helps.
best, Larry

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