Fixed and Variable Expenses

What is the definition of a fixed expense?

• Amounts change according to need, choice or want

• Amounts do not change

• amounts sometimes change and sometimes stay the same

• I don't know

What is the definition of a variable expenses?

• amounts change according to need, choice or want

• amounts do not change

• amounts sometimes change and sometimes stay the same

• I don't know

Fixed expenses occur regularly.

• True

• False

Variable expenses do not occur regularly.

• True

• False

Car Payment

• Fixed expense

• Variable expense

Going to the movies

• Fixed expense

• Variable expense

Rent or Mortgage

• Fixed Expense

• Variable Expense

Electric Bill and Water Bill

• Fixed Expense

• Variable Expense

Grocery Bill

• Fixed expense

• Variable expense

Car Insurance, Home Insurance, Medical Insurance

• Fixed expense

• variable expense