#Variable expenses examples free#

That doesn’t mean you have zero in your bank account-it just means you’ve accounted for every single dollar of your paycheck and told it where to go. It’s when your income minus your expenses equals zero. A zero-based budget sounds a little scary, but stick with us. Let’s talk about fixed expenses from a zero-based budgeting perspective.

#Variable expenses examples free#

(And all the free spirits out there say, “Amen!”) Around here, we love fixed costs because they make budgeting that much easier. So, when you’re creating your monthly budget, these expenses are probably going to stay the same (as long as you haven’t moved across the country or bought a house). We’re talking about your mortgage or rent payments, gym membership, life insurance, medical insurance or even streaming service costs (Netflix, Disney+ or Hulu). We’re going to walk you through everything you need to know about managing your money with fixed expenses and variable expenses (and what the heck they have to do with budgeting).įixed expenses are the items in your budget that stay the same month after month. Believe it or not, you already know what fixed and variable expenses are-even if you didn’t know what they’re called.

And trust us, it’s definitely not as intimidating (or boring) as it sounds. Budgeting isn’t just for personal finance nerds or accountants.

While those money terms sound like you just bought a one-way ticket to snooze fest, stick with us. No matter what your financial situation is, doing a regular budget and keeping track of your fixed and variable expenses will help you create the life you want to live.ĭid we just say fixed and variable expenses? Yep.