Fixed cost
fixed expenses do not change, variable expenses do.
expenses change
To effectively budget for non-recurring expenses, you should identify and list all upcoming one-time costs, estimate their amounts, and allocate a portion of your income each month to a separate savings account or category specifically for these expenses. This way, you can be prepared and avoid financial strain when these expenses arise.
To effectively budget with different pay periods, you can create a monthly budget based on your total income for the month. Divide your expenses into fixed costs (like rent) and variable costs (like groceries). Adjust your budget each month to align with your pay schedule, setting aside money from each paycheck for upcoming expenses. Consider using budgeting tools or apps to help you track your spending and stay on top of your financial goals.
Those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months. By ADITYA (UPES)
fixed expenses do not change, variable expenses do.
Flexible Expenses
It is a change in the Income and Expenses for a Company. Its is usually on a month to month basis.
variable expenses
The term that represents budget items that change from month to month is "variable expenses." These expenses can fluctuate based on usage, consumption, or other factors, such as utilities, groceries, and entertainment. Unlike fixed expenses, which remain constant, variable expenses require careful monitoring to maintain an effective budget.
Some expenses are the same amount each month and some vary. Mortgage and taxes stay the same each month. Expenses that vary are electricity, gas, and food.
A family's expenses can be budgeted under two main categories, fixed and variable. Fixed expenses are those such as insurance premiums which do not change from month to month, while a variable expense would be one such as an electric bill which can vary widely from month to month.
Monthly statements do not necessarily change each month.
stupid person!
2000
Each month
variable expenses