An essential expense (fixed or variable) is one that cannot be reduced in order to save more money, whereas a non-essential expense is one that should be eliminated and directed to savings.

The statement is false. Essential expenses are necessary, but their costs may sometimes be reduced—for example, by choosing a less expensive phone plan. Non-essential expenses are discretionary and can be cut or reduced to save money; they do not always have to be eliminated entirely. The correct choice is F (B).

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