Question

categorizing expenditures
scenario: mina has been asked to create a budget for her household. her father explained that she will need to include the following expense categories: auto insurance, the electricity bill, the house payment, grocery expenses, and discretionary spending.
which of minas expenses should most likely be ranked as fixed expenses? check all that apply.
groceries
house payment
discretionary spending
automobile insurance
electricity bill

Explanation:

Fixed expenses are regular and do not change in amount from month - to - month. House payment and automobile insurance are typically fixed as they are based on contracts with set amounts. Groceries can vary depending on consumption, discretionary spending is non - essential and variable, and the electricity bill can vary based on usage.

Answer:

B. house payment
D. automobile insurance