Question

Which one of the following budget items would probably be considered a fixed expense?
A. Entertainment
B. Savings
C. Clothing
D. Insurance premiums

Answer 1

my guess is " insurance premiums ".

Answer 2

Yup same here

Answer 3

The thing is your insurance can jump if you have too many claims

Answer 4

But definitely not clothing , entertainment or savings

Answer 5

true...but the others don't make sense for being a fixed expense

Answer 6

Why not clothing?

Answer 7

Buying clothing is more impromptu. You dont buy a certain amount of clothing every month. Its more of a leisure thing

Answer 8

so your gonna spend the same amount on clothing every month ?

Answer 9

I do not think so...lol

Answer 10

Insurance premium is your best bet

Answer 11

yup :)

Answer 12

Thank you <3