Expense Definitions

Click each expense type below, to learn more

Necessity Expenses

…are any expenses that have a due date, and if not paid on time may, or may not, incur penalties, interest, late fees, and other fees. Which also, may, or may not, affect your credit score.

By check marking: Necessity, for each of these types of expenses, when entering bills, you’ll have a more accurate calculation when using the Ways to Save feature.
Necessity examples include: home, car, insurances, credit cards, etc.
It’s up to you to determine which expenses are a necessity.

Inevitable Expenses

…are “bound-to-happen” expenses. These types do not have due dates.

By selecting Reserve Funds on the Enter Bills section on the My Info page, or on the My Budget page, enter a category description you'd like to save funds for.
Then enter an amount you’d like to save from each main income’s paycheck. UsableCash.com includes this amount in the Average Minimum needed per payday, and will begin incrementally building up a pool of cash, as the Reserve Funds saves out the amount you entered for these inevitable expenses.

RESERVE FUNDS: Replaces ‘Credit Cards’ with ‘Credit Yourself’
Inevitable examples include: car repair, doctor bills, household repair, etc.

Incidental Expenses

…are the everything else expenses, which are not necessities or inevitable expenses.
They have no due dates, interest, fees, etc., if not paid.
Incidental examples include: groceries, eating out, clothing, allowance, entertainment, gas, etc.

When to add Incidental Expenses

We recommend adding the Incidental Expenses after completing all 3 steps and viewing your Average Minimum on the budget page first.

Once this amount is discovered it's easier to avoid over projecting and maintain a positive balance.

Discovering your personalized Average Minimum amount allows you to have a better idea of how much is available for the incidental expenses, and avoid overspending between paychecks.
- To add incidental expenses, enter the type of expense within any bill icon in the Other Category.
- Add as many as you like, by selecting Add Similar once the first expense is entered.
  - If you spend LESS than projected, for an incidental expense, the results is more Usable Cash.
  - If more is needed, than projected: Login to your UsableCash.com account first and verify if there’s enough Usable Cash before accessing, or spending, a portion of it.

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Expense Definitions

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