​Learning goal: Mathematicians will decide whether expenses are variable or fixed.

​Classify expenses

• An expense is ​money used to buy goods or services.

• ​An expense can be classified into two groups, fixed or variable.

Some text here about the topic of discussion

​Fixed Expenses

FIXED = STAYS THE SAME​

​

• Fixed expenses stay the same each month and cannot be easily adjusted.

• ​Examples of fixed expenses include rent, car payments, internet service, and insurance payments.

• Usually these payments are expected and are needs.​

​

​Variable Expenses

Variable = CHANGES OR VARIES​

​

• Variable expenses change from month to month or week to week

• ​Examples of variable expenses include entertainment, groceries, or clothes shopping

• Usually these payments are wants but can also be needs.​

​