ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Fixed expenses are budget items that are paid at regular intervals and the amount doesn’t change. Here are some examples of fixed expenses: Mortgage or rent payments. Loan payments.

Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Detailed explanation-3: -Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.

Detailed explanation-4: -Examples of Fixed Expenses Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance. Property taxes.

Detailed explanation-5: -Fixed expenses, such as rent, stay the same from month to month. Variable expenses are ones that can change, such as gas or food.