For teen budget planning, which expense is usually considered a fixed expense?a) Eating out b) Movie tickets c) Monthly phone bill d) Buying clothes

Understanding Fixed Expenses

Fixed expenses are costs that remain constant and do not fluctuate month to month. They are recurring payments associated with basic needs and services.

Analyzing the Options

1. Eating Out: This varies greatly each month based on choices made, so it's not fixed.
2. Movie Tickets: Similar to eating out, the cost of entertainment varies and is not a set expense.
3. Monthly Phone Bill: Typically a consistent amount paid monthly, making it a fixed expense.
4. Buying Clothes: This is discretionary and can change based on needs or desires.

Conclusion

The correct answer, which is usually considered a fixed expense, is:

c) Monthly phone bill