ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Variable expenses are the expense which varies over the time. Variable expanse is never fixed and depends on the daily life of persons. Example of variable expense are snacks, entertainment, etc.

Detailed explanation-2: -A few examples of flexible expenses include what you pay for monthly groceries, clothing, and transportation, as the total cost of all of these things will most likely vary.

Detailed explanation-3: -A variable expense is any expense that can fluctuate in amount. Some examples of variable expenses include groceries, gas, and entertainment.

Detailed explanation-4: -Rent, room and board if you live on campus, and car payments are fixed expenses; flexible – these amounts change from month to month. Utility bills, food (including that latte you grab on the way to class), and entertainment are flexible expenses.

Detailed explanation-5: -Variable expenses include such things as groceries, gas for your vehicle, utilities, entertainment expenses, and clothing. By keeping track of these expenses over time, you can get a better idea of how much you’re spending each month and plan accordingly.