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BMW2.0
BMW2.0
Asked: July 23, 20242024-07-23T14:59:35+00:00 2024-07-23T14:59:35+00:00In: Money & Business

What are my monthly fixed expenses?

As a matter of fact, to secure a substitute budget… One needs to  really obtain or have a fixed Monthly expenses. This will help in determining and allocating of your funds, most especially for salary earners.


 

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5 Answers

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  1. spencer
    spencer Enlightened Mentor
    2024-07-23T18:57:06+00:00Added an answer on July 23, 2024 at 6:57 pm

    Your monthly fixed expenses should be the food you eat, your bills and the money you spend on your transportation, for most people that's where most of their income goes to, there are a lot of ways to mitigate this, you can start a side hustle if your income can't carry it. But for most people, therRead more

    Your monthly fixed expenses should be the food you eat, your bills and the money you spend on your transportation, for most people that’s where most of their income goes to, there are a lot of ways to mitigate this, you can start a side hustle if your income can’t carry it.

    But for most people, there major fixed expenses is the money they spend on food and also the bills they pay for food, or taking care of their loved one.

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  2. Inem
    Inem Knowledge Seeker
    2024-07-24T22:16:47+00:00Added an answer on July 24, 2024 at 10:16 pm

    Monthly fixed expenses differ from one person to another but generally, they include expenses for food, house rents and transportation. These are the things that a typical person generally would have to spend money on whether they like it or not. No matter how frugal you want to be, when you are hunRead more

    Monthly fixed expenses differ from one person to another but generally, they include expenses for food, house rents and transportation. These are the things that a typical person generally would have to spend money on whether they like it or not. No matter how frugal you want to be, when you are hungry, you have to eat. If you are paying monthly rents, you have to spend on that to secure a roof over your head.

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  3. Augusta
    Augusta Enlightened Mentor
    2025-08-15T22:17:33+00:00Added an answer on August 15, 2025 at 10:17 pm

      Fixed Expenses are those expenses that don't change from month to month or change negligibly, eith only a little bit each month. Some common fixed expenses are rent or mortgage payments, car payments, streaming service subscriptions,insurance premiums, and even property taxes These unchangingRead more

     

    Fixed Expenses are those expenses that don’t change from month to month or change negligibly, eith only a little bit each month. Some common fixed expenses are rent or mortgage payments, car payments, streaming service subscriptions,insurance premiums, and even property taxes

    These unchanging costs should stay within 50% of one’s monthly income. Choose housing, transportation, and monthly subscriptions you can afford to sustain without draining your wallet.These services comes with different options to fit in for anyone budgets.

    So basically examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repaymen They  are fixed cost that one incurred monthly

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  4. Avarose
    Avarose Enlightened Mentor
    2025-09-03T04:59:48+00:00Added an answer on September 3, 2025 at 4:59 am

    Your monthly fixed expenses are the regular bills you have to pay every month, like rent, electricity, phone, internet, insurance, and maybe loan payments. Knowing these helps you plan your money better because you’ll know how much you need to set aside before spending on other things. If you earn aRead more

    Your monthly fixed expenses are the regular bills you have to pay every month, like rent, electricity, phone, internet, insurance, and maybe loan payments. Knowing these helps you plan your money better because you’ll know how much you need to set aside before spending on other things. If you earn a salary, keeping track of these fixed costs makes it easier to budget and avoid running out of money.

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  5. Inem
    Inem Knowledge Seeker
    2025-09-03T08:08:00+00:00Added an answer on September 3, 2025 at 8:08 am

    Your monthly fixed expenses would invariably be the basic needs that you have to spend money to secure every month. On top of that list lies the food you eat on a daily basis. The transportation costs you incur to work and other routine places are to a large extent fixed expenses. And the necessaryRead more

    Your monthly fixed expenses would invariably be the basic needs that you have to spend money to secure every month. On top of that list lies the food you eat on a daily basis. The transportation costs you incur to work and other routine places are to a large extent fixed expenses. And the necessary bills that you need to pay like electricity and water bills are your fixed expenses basically.

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