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The opposite of "fixed" expenses are "variable" expenses. You would have both fixed and variable expenses every month.
Fixed expenses are the same amount every month - no matter what.
Variable expenses are different (they vary) every month depending on choices you make every month.
Examples of fixed expenses:
rent - it's the same amount whether you're there every day or on vacation for 2 weeks
car payment - it's the same whether you drive it daily or it's in the garage
student loans -
garbage collection - (unless you have them haul off furniture or appliances)
Examples of variable expenses:
electric - the more you use, the higher your bill
water - the more you use, the higher your bill
groceries - depends on what you buy each week
entertainment - renting movies vs. going out to dinner vs. going to the beach vs. road trip vs. amusement park vs. bar with friends
What else can I help you with?
What are the differences in returns between daily and monthly compounding for an investment with a fixed interest rate?
The main difference between daily and monthly compounding for an investment with a fixed interest rate is the frequency at which the interest is calculated and added to the investment. Daily compounding results in slightly higher returns compared to monthly compounding because interest is calculated more frequently, allowing for the compounding effect to occur more often.
What does fixed expenses mean?
the word fixed expenses means to rent
Difference between a floating charge and a fixed charge?
fixed and floating charge
What is the difference between fix and variable mortgages?
The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.
How do flexible expenses differ from fixed expenses?
Flexible expenses vary over time.
What the difference between Fixed and variable expenses in a budget?
Fixed expenses are costs that remain constant each month, such as rent or mortgage payments, insurance premiums, and subscription services. In contrast, variable expenses fluctuate based on usage or consumption, including groceries, dining out, and entertainment. Understanding the distinction helps in budgeting effectively, as fixed expenses are predictable while variable expenses can be adjusted based on financial goals.
The difference between fixed and variable inputs?
difference between fixed and variable inputs
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
What if your school lunches dues to a club and monthly savings are examples of what expenses?
School lunch dues and monthly savings are examples of fixed expenses. Fixed expenses are costs that remain consistent each month and must be paid regularly, regardless of varying factors such as income or spending. They are essential for budgeting and financial planning, as they help individuals understand their mandatory expenditures.
How do you make a budget?
In making a budget, whether it be envelope budgeting or what have you, the initial step is to list of your fixed monthly expenses on paper or a spreadsheet. Pull your bank statements for the past year and review so you don't forget listing any expenses. Next you list your net monthly revenue, ie: net paycheck amount.. Then, you subtract monthly expenses from the revenue to determine your monthly cash flow.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
What are the differences in returns between daily and monthly compounding for an investment with a fixed interest rate?
The main difference between daily and monthly compounding for an investment with a fixed interest rate is the frequency at which the interest is calculated and added to the investment. Daily compounding results in slightly higher returns compared to monthly compounding because interest is calculated more frequently, allowing for the compounding effect to occur more often.
How do you you a sentence with fixed expenses?
sentence do you use fixed expenses in a sentence? that's a sentence^
What does fixed expenses mean?
the word fixed expenses means to rent
Difference between marginal cost accounting statements and absorption cost accounting statement?
marginal costing considers only direct) materials,labour,expenses and variable factory overheads excluding fixed factory overheads but absorption considers (direct) materials ,labour,expenses,variable and fixed factory overheads.
When should fixed and variable monthly budgeted expenses first be planned?
Fixed and variable monthly budgeted expenses should first be planned at the beginning of each budgeting period, typically at the start of the month. This allows individuals to assess their expected income, allocate funds accordingly, and adjust for anticipated variable expenses. Additionally, reviewing past spending patterns can help in accurately forecasting these expenses. Regularly revisiting and adjusting the budget throughout the month ensures financial goals are met.
What are the two types of expenses?
fixed expenses and variable expenses
