Fixed and Variable Expenses

Front

What is a fixed expense?

Back

A fixed expense is a cost that does not change and occurs 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, such as groceries or entertainment.

Front

Give an example of a fixed expense.

Back

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

Front

Give an example of a variable expense.

Back

An example of a variable expense is buying new clothes.

Front

How often do fixed expenses occur?

Back

Fixed expenses occur regularly, usually monthly.

Front

How often do variable expenses occur?

Back

Variable expenses can occur irregularly and vary in amount.

Front

Is a Netflix subscription a fixed or variable expense?

Back

A Netflix subscription is a fixed expense.

Front

Is gas for a car a fixed or variable expense?

Back

Gas for a car is a variable expense.

Front

What happens to variable expenses when you spend more?

Back

When you spend more on variable expenses, the total amount you spend increases.

Front

What happens to fixed expenses if you change your living situation?

Back

If you change your living situation, your fixed expenses may change, such as moving to a new apartment.