👉 Expenditure math, or the process of calculating how much money is spent on various activities or goods, involves several key steps. First, you identify all the expenses, which can include fixed costs like rent or salaries, and variable costs such as groceries or entertainment. Next, you sum these expenses to get the total expenditure for a given period, like a month or a year. This total is often compared to income to assess financial health; if expenses exceed income, it indicates a deficit. Expenditure analysis can also involve categorizing costs to understand spending patterns better, such as distinguishing between essential and discretionary spending. This detailed breakdown helps in making informed financial decisions, optimizing budgets, and planning for future expenses.