Question

Which budget categories are both variable expenses? - imagine math a) car payment and student loan payment b) income and rent c) mortgage and insurance d) utilities and groceries

Answer 1

The budget categories which comes under variable expenses is:

d) utilities and groceries.

Variable expenses are those that fluctuate. Food costs vary, much like power does. The same goes for costs like entertainment that are more discretionary. One month you might just go to the movies once, but the next you might spend five times as much at a theme park. Some erratic costs, like going to the cinema, are budgeted. Other unforeseen costs include things like auto repairs that folks did not budget for.

Thus, variable expenses include groceries and utilities.

Whereas car payment, student loan, income, rent, mortgage and insurance comes under fixed expenses.

Hence the correct option is d) utilities and groceries.

Learn more about Variable expenses here:

brainly.com/question/5298337

#SPJ4