4.10 A Fixed and Variable Expenses Day 1

Front

What are fixed expenses?

Back

Fixed expenses are costs that do not change from month to month, such as rent or car payments.

Front

What are variable expenses?

Back

Variable expenses are costs 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 rent payment.

Front

Give an example of a variable expense.

Back

An example of a variable expense is the amount spent on groceries each month.

Front

Is a car payment a fixed or variable expense?

Back

A car payment is a fixed expense because the amount stays the same each month.

Front

Is a movie ticket a fixed or variable expense?

Back

A movie ticket is a variable expense because the cost can change based on how many movies you watch.

Front

What type of expense is Jax's lunch if he spends $2.50 every day?

Back

Jax's lunch is a variable expense because the total cost can change based on how many days he buys lunch.

Front

What type of expense is a health insurance payment?

Back

A health insurance payment is a fixed expense because the amount usually stays the same each month.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant each month, while variable expenses can fluctuate.

Front

If you have a subscription service that charges a different amount each month, what type of expense is it?

Back

It is a variable expense.