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18 April, 02:09

Discuss the difference between fixed expenses and variable expenses as they relate to a budget.

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  1. 18 April, 02:22
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    The budget includes both expenses: fixed and variable expenses. Fixed expense cost the same amount each month and cannot easily be changed. Exampels for fixed expenses: rent payments, car payments, real estate taxes ...

    Variable expenses on the other hand vary. They are daily spending decisions. Examples: buying clothes, restaurant, ...

    If you want to save money, variable costs are usually the first expenses that you can try to cut.
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