1. Three things that would be classified as fixed expenses:
- Phone bill
- Internet/cable bill
- Car insurance
2. Three things that would be classified as variable expenses:
- Food expenses
- Accidents/damages
- Entertainment
3. How could you change your spending to save money?
Set monthly limits on money spent for dining out and entertainment like movies.
4. How much money could you save in one month without giving up too much?
I could save about $120 monthly with ease, by not eating any fast food (Saves about $30, once a week).