fixed expenses?

Question

Does anyone know what would be considered a fixed expense when it concerns personal finance expenditures for immediate needs??

Answer 1

rent, mortgage, car loans, cable bill .. anything that costs the same, month after month....

Answer 2

A fixed expense is one that cannot be changed month to month. Examples are your rent, required mortgage payment, or other debts that have a minimum monthly payment.

Variable expenses are those that can be changed, or that you have some control over how much you pay. You can cut back on your food bill to some extent, you can use less electricity up to a point. Your food and light bill would be variable expenses.

Answer 3

Fixed expense would be something like rent or a car payment - something that stays the same month to month. Variable expenses would be things like credit card payments or food expense, or most utilities.

Answer 4

Fixed expenses are the expenses you incur each month that are the same amount each month: rent/mortgage, insurance, etc.

Answer 5

it truly is amazingly easy. The fastened expenditures are those month-to-month fee quantity stay an similar, like lease, vehicle fee, and etc. versatile expenditures are those that volume FLUCTUATES with diverse usages. Like your utilities, the further you take advantage of, the better the quantity is, vice versa, the a lot less you used, the a lot less IT value IT. As for mastercard funds, it relies upon in case you owe plenty and prefer to pay off as a lot as you are able to, then you are able to set it to a puzzling and quick cost like $500/month. in case you do not owe any mastercard money owed and purely use it for convenience to go out to devour and finding out to purchase some stuffs, then you are able to labeled it as versatile cost. As for groceries, i opt for to set it to fastened, that way I stay interior of my funds and not in any respect OVER spend. because the further you purchase, the better your groceries value will be in line with month. it is your own decision.