Mastering Fixed and Variable Expenses

Restaurant bill

Gasoline bill

Electricity bill (correct)

Grocery bill

Car loan payment

Phone bill (correct)

Medical insurance premium

Internet bill

They are optional and can be eliminated

They are one-time payments

They vary from month to month

They are essential for survival (correct)

<p>Rent = Fixed expense Electricity bill = Variable expense Internet subscription = Fixed expense Groceries = Variable expense</p> Signup and view all the answers

<p>Car insurance = Fixed expense Gas for car = Variable expense Mortgage = Fixed expense Dining out = Variable expense</p> Signup and view all the answers

<p>Gym membership = Fixed expense Clothing = Variable expense Phone bill = Fixed expense Vacation = Variable expense</p> Signup and view all the answers