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12 April, 17:13

How do flexible expenses differ from fixed expenses?

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  1. 12 April, 17:42
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    Fixed expenses are expenses incurred within a given period of time e. g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time.
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