Fixed expenses: These are costs that largely remain constant, such as your monthly rent.
Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.
Explanation:
fixed expenses do not change over time and flexible expenses do. In most individuals' budgets, monthly mortgage or rent payments are fixed. ... Flexible expenses may change each month or only occur during certain times of the year.
Answers & Comments
Answer:
Fixed expenses: These are costs that largely remain constant, such as your monthly rent.
Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.
Explanation:
fixed expenses do not change over time and flexible expenses do. In most individuals' budgets, monthly mortgage or rent payments are fixed. ... Flexible expenses may change each month or only occur during certain times of the year.
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