Question

When making a personal budget, a fixed or variable ___ (1 word) refers to the cost of something that has to be paid.

Answer 1

answer is "expense"

Step-by-step explanation:

Answer 2

costs

Step-by-step explanation:

On a budget, you will deal with fixed costs and variable costs. Fixed costs are those costs that you cannot get rid of in the short term, usually involved with the structure of the space, such as rent, electricity and water bill, etc. Variable costs are costs you have, but if necessary you can cut them in the short term. Usually the variable costs are the inputs. For example, in an office, the variable costs are paper, cleaning contracts, employees, etc.