Identify Fixed Expenses and Variable Expenses

Abdul has been very sick, so he’s had a lot of medical bills the past few months. He’s not used to pay these  much  medical expenses. What type of expense is he dealing with?

• Fixed Expenses

• Variable Expenses

Mariam has recently moved into her own apartment, she loves living her own. She sees it as a priority to pay her rent on time every month What type of expense is she dealing with?

• Fixed Expenses

• Variable Expenses

Miranda uses a credit card to make routine purchases. In the past, she could pay her total credit card bill every month. However, recently she’s been spending a lot more on clothes and eating out, so she increased her credit card limit . What type of expense is Miranda dealing with?

• Fixed Expenses

• Variable Expenses

Mathew owns a clothing store, which is considered to be a preferred choice for the youth and teenagers, to match the needs, he has hired 3 new sales staff . Mathew needs to prepare a budget to pay for the new staff. What type of expense is Mathew dealing with?

• Fixed Expenses

• Variable Expenses

Thomas is excited about the new truck he purchased. Now, he needs to add the monthly truck payment to his budget as a new expense .What type of expense is Thomas dealing with?

• Fixed Expenses

• Variable Expenses

Rahul pays  $300 EMI towards the loan taken from the bank each month. What type of expense is he dealing with?

• Fixed Expenses

• Variable Expenses

Ria  paid $50 for oil changing and car washing. What type of

 expense is she dealing with?

• Fixed Expenses

• Variable Expenses

Shebnaz  has subscribed for a scheme of $150 each month as her Internet Plan. What type of expense is she dealing with?

• Fixed Expenses

• Variable Expenses

Sarah normally pays $50 per month for her mobile, However, some months she exceeds her data plan and pays more. What type of expense is she dealing with?

• Fixed Expenses

• Variable Expenses

The amount of money Diya  spends on dining out each month varies depending on what restaurants she goes too. What type of expense is she dealing with

• Fixed Expenses

• Variable Expenses