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

Question

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

texaschic101 · Answer

my guess is " insurance premiums ".

anonymous · Answer

Yup same here

anonymous · Answer

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

anonymous · Answer

But definitely not clothing , entertainment or savings

texaschic101 · Answer

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

anonymous · Answer

Why not clothing?

anonymous · Answer

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

texaschic101 · Answer

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

texaschic101 · Answer

I do not think so...lol

anonymous · Answer

Insurance premium is your best bet

texaschic101 · Answer

yup :)

anonymous · Answer

Thank you <3