Fixed and Variable Expenses Worksheet
Understand and identify fixed and variable expenses with this Grade 6 math worksheet, featuring real-world scenarios and calculations.
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Fixed and Variable Expenses
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Read each question carefully and provide your answer in the space provided. Remember that fixed expenses stay the same each month, while variable expenses change.
Use the words below to complete the sentences.
1. Rent is an example of a expense because it usually stays the same each month.
2. Groceries and entertainment are examples of expenses because they can change from month to month.
3. Creating a helps you manage your money by tracking your income and expenses.
1. Which of the following is most likely a fixed expense?
Electricity bill
Car payment
New clothes
Eating out
2. Which of the following is most likely a variable expense?
Mortgage payment
Car insurance
School supplies
Subscription service
1. Your monthly phone bill is always a fixed expense.
True
False
2. The cost of gasoline for your car is a variable expense.
True
False
1. Provide two examples of fixed expenses and explain why they are considered fixed.
2. Provide two examples of variable expenses and explain why they are considered variable.
Read the scenario below and identify the fixed and variable expenses.
Sarah is planning her monthly budget. She has to pay $800 for rent, $50 for her phone bill (fixed plan), $30 for a streaming service, and she estimates she will spend $200 on groceries, $100 on transportation (gas and bus fares), and $75 on entertainment.
Fixed Expenses:
Variable Expenses: