Fixed vs Variable Expenses #shorts

20 Sept 2023 · 1 min

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Fixed expenses like rent and utilities stay the same each month. Variable expenses like the cost of goods sold change based on how much business activity happens. Understanding the difference helps you control what you actually can.

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What is a fixed expense versus a variable expense? So your fixed expenses are things you're going to have to pay every month. Your rent, your utility bills. You have to deal with payroll and then you're always dealing with cost of goods, which fluctuates, which is a variable expense. Right. So, you know, things that you're in control of, you're usually one of the biggest expenses. What's a variable expense? You know, expenses that change.

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