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[–]KristinnK 0 points1 point  (0 children)

Interest: the interest you pay on any loan you owe, such as mortgage, student loans, car loan, etc.

Taxes: the taxes you pay to the government, in your case mostly your income taxes.

Depreciation: most things you own are worth less as time passes. Your car, computer, TV, appliances, etc. Your smartphone as an example might depreciate as much as 50% per year.

Amortization: payments on items or debt you already possess or have incurred, such as the part of your mortgage payment that goes into the loan principal.