Fixed and Variable Expenses

What is an expense? Choose the BEST definition.

• using money to buy something

• the money you save 

• the amount of money spent on something we need or want

If fixed expenses stay the same EACH week, then is the following true or false?

Week 2 is EQUAL to Week 4

• True

• False

Click ALL of the fixed expenses:

• Trip to the Stock Show

• Groceries

• Internet Bill

• Cell Phone Bill

• Rent

True or False. Variable expenses change from month to month.

• True

• False

Check ALL of the variable expenses.

• Cell Phone Bill

• Rent

• Clothes

• Gas

• Groceries

Read the definitions again. How are fixed and variables expenses the SAME?

• all the amounts will be the same each month

• they are not alike at all

• they both tell the amount of money people spent