Fixed and Variable Expenses

Front

What is a fixed expense?

Back

A fixed expense is a cost that does not change and must be paid regularly, such as rent or a subscription.

Front

What is a variable expense?

Back

A variable expense is a cost that can change from month to month and does not occur regularly, such as groceries or entertainment.

Front

Give an example of a fixed expense.

Back

An example of a fixed expense is a monthly rent payment.

Front

Give an example of a variable expense.

Back

An example of a variable expense is buying new clothes.

Front

Is a Netflix subscription a fixed or variable expense?

Back

A Netflix subscription is a fixed expense.

Tags

CCSS.3.OA.D.9

Front

Is buying a new video game a fixed or variable expense?

Back

Buying a new video game is a variable expense.

Front

What happens to variable expenses over time?

Back

Variable expenses can increase or decrease based on usage or needs.

Front

What happens to fixed expenses over time?

Back

Fixed expenses generally remain the same unless there is a change in the agreement or contract.

Front

Why is it important to track fixed and variable expenses?

Back

Tracking fixed and variable expenses helps in budgeting and managing money effectively.

Front

Can fixed expenses ever change?

Back

Yes, fixed expenses can change if there is a change in the contract, like a rent increase.

Tags

CCSS.7.NS.A.1C