Incidental Expenses (IE)

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Definition of 'Incidental Expenses (IE)'

Incidental expenses are costs that are not directly related to the main purpose of a purchase. They are often small and unexpected, and can add up quickly.

For example, if you buy a new car, you may have to pay for incidental expenses such as sales tax, registration fees, and title fees. You may also have to pay for insurance, maintenance, and repairs.

Incidental expenses can also include things like parking fees, tolls, and tips. They can also include costs for food and drinks, entertainment, and travel.

It is important to budget for incidental expenses when you are making a purchase. This will help you to avoid unexpected costs and to stay on track with your financial goals.

Here are some tips for budgeting for incidental expenses:

* Make a list of all of the incidental expenses that you can think of.
* Estimate how much each expense will cost.
* Add up all of the estimated costs to get a total budget for incidental expenses.
* Be prepared to adjust your budget if your actual expenses are higher than you expected.

By following these tips, you can make sure that you are prepared for any incidental expenses that come your way.

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