Fixed Expense

My Definition

Key Characteristics

The following are true of fixed expense:

  • It depends upon the situation.

  • It allows for greater planning in spending.

  • It is often associated with necessary items in personal budgets.

  • It often reflects "needs."

  • It sometimes reflects "wants."

Example

Click on the link below to further study examples of fixed expenses.

Fixed Expenses Activity

Non-example

Eating at a restaurant is an example of a variable expense.

TEKS: 4(10)(A), 7(13)(B)