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Fixed & Variable Costs

Fixed & Variable Costs. Consumer Math 2012-2013. Overview. Needs vs. Wants Fixed Costs Examples Variable Costs Examples Calculating Total Fixed Costs Calculating Total Variable Costs Calculating Total Monthly Bills. Needs vs. Wants. Needs Food Clothing Rent Car Phone Computer.

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Fixed & Variable Costs

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  1. Fixed & Variable Costs

    Consumer Math 2012-2013
  2. Overview Needs vs. Wants Fixed Costs Examples Variable Costs Examples Calculating Total Fixed Costs Calculating Total Variable Costs Calculating Total Monthly Bills
  3. Needs vs. Wants Needs Food Clothing Rent Car Phone Computer Wants TV Phone Jewelry Entertainment
  4. Fixed Costs Expenses that stay the same each week or month Rent Insurance Dues Internet/Cable Loan
  5. Discretionary/Variable Costs Expenses that change each week or month Gifts Recreation Clothing Groceries Phone Utilities Haircut Food/Snacks Parties Dating Which variable expenses may not occur every month?
  6. Expenses What are two fixed expenses that your family has each month? What are two variable expenses that your family has each month?
  7. Example
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