Fixed and Variable Expenses

Front

What is a Fixed Expense?

Back

A Fixed Expense is a cost that does not change from month to month, such as rent or a mortgage payment.

Front

What is a Variable Expense?

Back

A Variable Expense is a cost 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 cost of gas for a car.

Front

What type of expense is a charity donation?

Back

A charity donation is a Variable Expense.

Front

What type of expense is a haircut?

Back

A haircut is a Variable Expense.

Front

What type of expense is a rent payment?

Back

A rent payment is a Fixed Expense.

Front

What type of expense are movie tickets?

Back

Movie tickets are a Variable Expense.

Front

How do Fixed Expenses affect a budget?

Back

Fixed Expenses are predictable and help in planning a budget since they remain constant.

Front

How do Variable Expenses affect a budget?

Back

Variable Expenses can fluctuate and may require adjustments in budgeting.