Question

Which items are variable expenses?​

Choose all correct answers.

Responses

groceries
groceries

mortgage or rent
mortgage or rent

entertainment
entertainment

fuel or gasoline

Answer 1

Variable expenses are costs that can fluctuate from month to month based on usage or needs. Here are the items from your list that are considered variable expenses:

- **Groceries**: Yes, this is a variable expense as it can vary based on how much food you purchase.

- **Entertainment**: Yes, this is also a variable expense since it can fluctuate based on how much you choose to spend on activities, outings, or leisure.

- **Fuel or gasoline**: Yes, this is a variable expense since costs can change based on how much you drive or changes in gas prices.

The only item that is generally considered a fixed expense is:

- **Mortgage or rent**: This is typically a fixed expense because it remains constant month to month unless there is a change in the lease or mortgage terms.

So, the correct answers for variable expenses are:
- Groceries
- Entertainment
- Fuel or gasoline