Fixed and Variable Expenses

What kind of expense is this?

STARBUCKS COFFEE

• Fixed Expense

• Variable Expense

Costs of items like groceries and gas are considered:

• Fixed

• Discretionary

• Variable

• Irregular

expense remains the same from month to month.

• Discretionary

• Fixed

• Regular

• Irregular

this type of expense stays the same each month

• fixed income

• variable expense

• discretionary expense

• fixed expense

expenses that change in cost and occurrence

• Variable expenses

• Irregular expenses

• One-time expenses

• Fixed expenses

In which category should you have to make the most cuts in the budget?

• Savings

• Variable/Flexible Expenses

• Fixed Expenses

• Emergency Fund

In order to control his budget, Josh should cut spending in which of the following categories?

• Food/Entertainment

• Rent/Mortgage

• Savings/Emergency Fund

• Car/Insurance

Which of the following is an example of a fixed expense?

• A) Monthly rent

• B) Grocery bills

• C) Utility bills

• D) Entertainment costs

What type of expense is a gym membership with a monthly fee?

• A) Variable Expense

• B) Fixed Expense

• C) Discretionary Expense

• D) Irregular Expense

Which expense is most likely to fluctuate each month?

• A) Mortgage payment

• B) Car insurance

• C) Dining out

• D) Internet subscription