Directions: Read the descriptions of the three types of expenses. Then list the examples below in the...

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Directions: Read the descriptions of the three types of expenses. Then list the examples below in the appropriate categories. Be prepared to explain your answers. Note I have done 3 of them for you.

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Fixed expenses are those bills or costs that do not change from month to month. These tend to be necessary to live.Example: Cell PhoneVariable expenses are expenses that are necessary, but do change month to month depending on usage or circumstances.Example: GroceriesDiscretionary expenses are non-essentials for goods or services we CAN do without. We make a choice to use or purchase these.Example: Newspaper subscription

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Directions: Read the descriptions of the three types of expenses. Then list the examples below in the...

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