Definition
Fixed Expenses
Regular costs that stay roughly the same amount every month.
Fixed expenses are predictable bills that do not change much month to month: rent or mortgage, car payments, insurance, and subscriptions. They are easy to plan for because you know the amount in advance.
Because they repeat, fixed costs are often the highest-value place to cut. Lowering rent, refinancing a loan, or switching a phone plan saves you every single month with one decision.