A fixed expense typically does not change and cannot be easily changed.
A variable expense typically changes from
month-to-month and/or week-to-week.
Fixed Expenses | Variable Expenses |
Rent Mortgage payments Car insurance Car payments Internet bill Cell phone bill | Electric bill Car repairs Gas for car Food |
Buying goods and services for yourself is considered spending.
Giving goods and services to others is considered sharing.
Setting money aside to spend later is considered saving.