Which of the following is an example of a fixed expense you need to include in your budget?EntertainmentFoodGasRent
Question
Which of the following is an example of a fixed expense you need to include in your budget?EntertainmentFoodGasRent
Solution
The example of a fixed expense you need to include in your budget from the options provided is "Rent".
Fixed expenses are those that do not change from month to month and are required payments. Rent is a fixed expense because it stays the same each month.
On the other hand, entertainment, food, and gas are variable expenses because the amount you spend on these can change from month to month.
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