What are Fixed Expenses

By Penny Redlin

October 25, 2022

Fixed expenses are expenses that cost the same each time you pay, most likely monthly or annually. Your rent, during the duration of your lease, will be a fixed expense. The money you pay each month will always be the same (assuming no additional fees are charged – such as a late fee).

Fixed expenses help you understand how much certain items will cost each month when planning out a budget. Typically, the fixed expenses will be rent, loan payments, insurance payments and certain bills.