Fixed and Variable Expenses

Front

What is a fixed expense?

Back

A fixed expense is a cost that does not change from month to month, such as rent or a house note.

Front

What is a variable expense?

Back

A variable expense is a cost that can change from month to month, such as groceries or entertainment.

Front

Which of the following is a fixed expense? Groceries, House Note, Travel, Going to the movies?

Back

House Note

Front

Is a monthly house note a fixed or variable expense?

Back

Fixed expense

Front

Is going on a vacation a fixed expense or a variable expense?

Back

Variable expense

Front

What is an example of a variable expense?

Back

Going to the movies or buying groceries.

Front

What is an example of a fixed expense?

Back

A monthly house note or car insurance.

Front

If Alaina pays her house note of $300 and goes on vacation for $300, how much did she spend in fixed expenses?

Back

$300 (only the house note is fixed).

Front

If Braydee spends $15 at the movies and $25 on groceries, what is her total variable expense?

Back

$40 (the total of her variable expenses).

Front

What is the total of fixed expenses if Alaina pays $300 for her house note and $200 for car insurance?

Back

$500.