Fixed vs. Variable vs Discretionary Expenses

Front

What two things does a budget compare?

Back

Income and Expenses

Front

What are fixed expenses?

Back

Expenses that stay the same from week to week or month to month

Front

An expense that only occurs because you are choosing to spend money like eating out or buying clothes is a(n) ___________ expense.

Back

discretionary

Front

What are variable expenses?

Back

Common expenses that change from week to week or month to month

Front

Car Insurance: Fixed Expense, Variable Expense, Discretionary Expense

Back

Fixed Expense

Front

Electricity Bill: Fixed Expense, Variable Expense, Discretionary Expense

Back

Variable Expense

Front

NetFlix Subscription: Fixed Expense, Variable Expense, Discretionary Expense

Back

Discretionary Expense

Front

Eating out
Options: Fixed Expense, Variable Expense, Discretionary Expense

Back

Discretionary Expense

Front

Going to the Movies
Options: Variable Expense, Fixed Expense, Discretionary Expense

Back

Discretionary Expense

Front

House Payment/ Mortgage: Fixed Expense, Variable Expense, Discretionary Expense

Back

Fixed Expense