What are fixed expenses?
4.10 A Fixed and Variable Expenses

Flashcard
•
Mathematics
•
4th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Fixed expenses are costs that do not change from month to month. Examples include rent, insurance, and salaries.
2.
FLASHCARD QUESTION
Front
What are variable expenses?
Back
Variable expenses are costs that can change from month to month based on usage or consumption. Examples include groceries, entertainment, and utility bills.
3.
FLASHCARD QUESTION
Front
Give an example of a fixed expense.
Back
An example of a fixed expense is a monthly rent payment.
4.
FLASHCARD QUESTION
Front
Give an example of a variable expense.
Back
An example of a variable expense is the amount spent on groceries each month.
5.
FLASHCARD QUESTION
Front
Why is it important to track fixed and variable expenses?
Back
Tracking fixed and variable expenses helps individuals manage their budgets, save money, and make informed financial decisions.
6.
FLASHCARD QUESTION
Front
How can you reduce variable expenses?
Back
You can reduce variable expenses by cutting back on non-essential items, shopping sales, and planning meals to avoid waste.
7.
FLASHCARD QUESTION
Front
What is a budget?
Back
A budget is a plan that outlines expected income and expenses over a specific period, helping to manage finances.
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