what are fixed expenses
What Are Fixed Expenses and Why Budgets Start There
In 2024, U.S. consumer units spent an average of $78,535 a year, or about $6,545 a month, with housing taking roughly a third of that total. Fixed expenses are recurring costs that stay relatively stable for a set period, such as rent, insurance, and scheduled loan payments. They're predictable, but not permanent: the amount is committed for the current budget period, not guaranteed to stay the same forever. That distinction matters when deciding whether a paycheck has room for extra debt
