Refers to a regular financial obligation, like saving or investing.

Financial Commitment

Often linked to planning for future needs, such as education or retirement.

Long-term Planning

Payments are frequently deducted automatically from paychecks or bank accounts.

Highlights altruism or support for non-profit organizations.

Contributions may be on a recurring schedule, like monthly or annually.

Payments to causes or charities are usually optional, not required.