What's the definition for a fixed expense in a budget and a flexible expense in a budget. Why would this information be important to you or you and your partner, if you or both of you already use a budget or choose to start using a budget?
redwine
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fixed are things like mortgage payment, car payment, etc. Flexible is discretionary, restaurants, baseball tickets, bars. You need to figure out your fixed and adjust your discrtionary to hit your target budget.
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Fixed Expenses Definition
arlene
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Fixed expense and flexible expense?
What's the definition for a fixed expense in a budget and a flexible expense in a budget. Why would this information be important to you or you and your partner, if you or both of you already use a budget or choose to start using a budget?
JQT
Take a look at this worksheet developed by American Debt Solution http://www.adshq.org/%5Ccontent%5Cexpense_worksheet.pdf with 3 categories of expenses - fixed, flexible and disgrationary. In this sheet, flexible means the amount fluctuate.
On this one http://financialaid.ucdavis.edu/undergraduate/students/mymoney.html#Using there are only two categories - fixed and flexible. In this case, flexible means disgrationary.
Take you pick, they both work.
I think it is a great idea to have a budget. Even if you decided not to follow a strict budget, it is still a good idea to know how much your are spending comparing to your earning. It will also help you set goals to save for larger purchases (like a home).
Best wishes.