outgoing vs outgoings

  Outgoing is an adjective that describes someone as friendly and sociable.

  For example:-

  He socialises a lot, he is a very outgoing person.

  Outgoing can also be used as an adjective to describe leaving a place, or leaving a job, having finished a period of time in it.

  For example:

  The outgoing president has left the country virtually bankrupt. (It doesn't mean the president was sociable, just that he is leaving.)

  Outgoings is a plural noun that describes the incurred by the owner of a business, usually calculated on a yearly basis, e.g. repairs, rates, insurance.

  For example:-

  The company was restructured to reduce outgoings.

  See also outgoing vs going out.