Chapter 3 Budgeting: Using Your Money Wisely 49 Copyright Goodheart-Willcox Co., Inc. May not be reproduced or posted to a publicly accessible website. A variable expense changes from month to month. Examples include amounts such as those paid for lunches in the school cafeteria or spending for personal care items. Check Your Understanding List two examples of fixed expenses and two examples of variable expenses that you may have during a month. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Give It a Go Give It a Go Categorizing Expenses Expenses can be fixed or variable. Think about the expenses listed in the table that follows. Decide whether each expense would be fixed or variable. Put an X in the appropriate column for each expense in the table. Expense Fixed Variable Bus pass for school Car insurance Cell phone plan Clothing Eating out with friends Gas for the car Gifts Grooming supplies Haircuts Monthly gym membership dues Movie tickets Music downloads Other entertainment Savings School lunches