Fixed Versus Variable Expenses

Mika broke her leg and had to have an unexpected surgery. Due to this, she has a large number of medical bills. What type of expense is this?

• Fixed

• Variable

Akeem got his first apartment! He signed a one-year lease. What type of expense is this?

• Fixed

• Variable

Carlos bought a new car. He ended up getting a 5-year fixed-rate car loan. What type of expense is the loan?

• Fixed

• Variable

Panuk got a summer job. He will have to buy a transportation pass to get to his new job downtown. What type of expense is this?

• Fixed

• Variable

Katrina spent more money than she realized on holiday gifts this year. Due to this, she is in a lot of credit card debt. What type of expense is this?

• Fixed

• Variable

Ross got a new puppy. He’s very fluffy! He will need to pay for him to get groomed once a month. What type of expense is this?

• Fixed

• Variable

Claudia enrolled herself in “budget billing” for her utilities. This means she will pay the same amount each month. What type of expense is this?

• Fixed

• Variable

Jamie bought a cell phone. He paid for it in full. What type of expense is this?

• Fixed

• Variable

Quinta is starting a new budget. She wants to include gas in her budget but every time she buys gas the price goes up! What type of expense is this?

• Fixed

• Variable

Noah is on a payment plan for his new cell phone. He pays the same amount each month for two years until he pays off the phone. What type of expense is this?

• Fixed

• Variable