Question

Alberto is making a budget. He owes a cell phone bill of $60 per month for 23 more months, plus the fees for any extra usage such as text messaging or extra minutes.
Which of the following is the correct category for this expense?a. Essential (flexible) expense
b. Emergency fund
c. Essential (fixed) expense
d. Non-essential expense

Answer 1

Answer:

a. Essential (flexible) expense

Explanation:

Flexible expenses are costs that can be easily and quickly manipulated or avoided unlike fixed expenses. In most cases, flexible expenses change over time.

Examples of flexible expenses can be the household furniture, you can choose to buy a lower-cost one. The types of food also is an example, the price scale of restaurants, etc