BANKING AFFAIRS

Detailed explanation-1: -In personal finance, flexible expenses are costs that are easily changed, reduced, or eliminated. For example, entertainment and clothing are flexible expenses. Even necessary expenses, such as groceries, can be considered flexible because the consumer adjusts the amount spent.

Detailed explanation-2: -Flexible Expenses This could include wants like eating out, coffee runs, or the amount you spend on live entertainment. But flexible expenses can include necessities, too, such as how much money you spend on services like electricity, water, and gas bills that can change by adjusting your monthly usage.

Detailed explanation-3: -Categories of Expenses in a Flexible Budget Rent, lease payments, insurance, interest payments, website fees, certain salaries.

Detailed explanation-4: -A flexible benefit plan in India allows employees to structure and modify CTC components based on the offered benefits like medical expenses and conveyance. Usually, the CTC structure of the employee has multiple components like dearness allowance, HRA, medical expense, basic, medical expenses, etc.