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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
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Budget: Creating/Living With

Step 2. Break Your Expenses Down By Core Expenses (Expenses You Can't Do Without), Discretionary Expenses And Unnecessary Expenses:

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  • Core expenses: Core expenses are essential items such as food, shelter, transportation, and medical care. While you don't want to do without any of them, consider if they could be reduced. See Spending Less.
  • Discretionary expenses: Discretionary expenses are the things you pay for which are not key to your survival but necessary for your lifestyle -- for instance, gifts and entertainment. Sometimes things that are discretionary can become essential. For example, if you are stressed out and seeing a movie is one of the best ways you can relax, then the expense of a movie that relieves your stress might be considered "core" because reducing stress can help improve health.
  • Unnecessary expenses: These are expenses that you never need to incur.

If it becomes difficult to identify discretionary or unnecessary expenses, pretend you are a friend looking at your list or, even better, have a friend or family member look at your list and give you their opinion.


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