Variable vs. Fixed Expenses; Definition/Examples (MATCH VERSION)

Recurring costs that remain relatively constant over a period of time, usually a month

Fixed expenses

Predictable and often contractual obligations (something that parties agree to do or become responsible for when they sign a contract)

Fixed expenses

Mortgage or rent payments

Fixed expenses

Loan payments (car/student loans)

Fixed expenses

Insurance premiums (health, auto, life)

Fixed expenses

Property taxes

Fixed expenses

Subscription services (internet, streaming)

Fixed expenses

Childcare/tuition fees

Fixed expenses

Costs that change from month to month

Variable expenses

Fluctuates based on consumption, lifestyle choices, and sometimes unexpected needs

Variable expenses

Groceries

Variable expenses

Dining out

Variable expenses

Gasoline and vehicle maintenance

Variable expenses

Utilities (electricity, water, gas)

Variable expenses

Clothing

Variable expenses

Entertainment and hobbies

Variable expenses

Travel and vacations

Variable expenses