Question

Which ones are variable expenses? (Check all that apply)

1. loans
2. food bill
3. rent
4. electric bill

Answer 1

food bill, electric bill

Explanation:

Variable expenses change every money

Loan payments are usually fixed, the same every month

food bill - variable expense since you buy different food each month and they will cost different amounts

rent is a fixed expense

the electric bill is different every month because some months you use more electricity than others