Is cable and internet a fixed expense?

Is cable and internet a fixed expense?

In the area for fixed expenses, you’ll need to list all expenses you have that are the same every month. For example, if your car payment is $350, you can list that amount as a fixed expense. Here are some other fixed expenses: Service payments (cable, Internet, cell phone, satellite radio, etc.)

What is the difference between fixed and flexible expenses?

Whats the difference between “fixed” and “flexible” expenses? Fixed: expenses that are the same every month. Flexible: expenses that can change from month to month.

What kind of expense is rent?

What Is Rent Expense? Rent expense is the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space. Rent expense is a type of fixed operating cost or an absorption cost for a business, as opposed to a variable expense.

What is commonly considered a flexible expense?

Electricity. A common flexible expense associated with apartment renting. Security. A deposite refers to money held to cover possible damage in an apartment. Building insurance.

When you rent an apartment a common flexible expense is?

Flexible expenses stay relatively the same each month. An electric bill is commonly considered a fixed living expense. A security deposit covers the rent for the first month when moving into an apartment. A roommate may reduce the financial burden of renting an apartment.

Is Home Mortgage a flexible expense?

For an individual, a typical inflexible expense would be mortgage or car payments, alimony or child support, which have fixed repayment schedules by amount and date. For companies, interest payable and employee wages would be inflexible expenses. A flexible expense is one that is easily altered or avoided.

What are average monthly expenses?

The average American’s monthly expenses: $5,102 According to the BLS, consumer units “include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share major expenses.”

How much money does the average person spend on clothes per month?

Spending $161 per month on clothing and services is average for adults. Middle-age adults spend about $50 more per month. They also make more money, so they have more to spend.