What type of expenses are considered periodic expenses?

Periodic expenses refer to costs that are not incurred on a regular basis but rather happen occasionally, often at irregular intervals. These expenses can include things like car maintenance, insurance premiums, or annual subscriptions. This definition fits well with the concept of irregular costs that occur from time to time, making option B the best choice.

In contrast, monthly utility bills, daily food expenses, and regular rent or mortgage payments are typically categorized as regular or ongoing expenses. These are predictable costs that occur on a consistent basis and are planned for in a budget. Periodic expenses, by definition, are less predictable and should be considered separately when planning finances. Understanding this distinction helps in creating a more accurate financial plan that accounts for both predictable and occasional costs.