4.10A Distinguish between fixed and variable expenses.
Fixed Expenses
Fixed expenses are expenses that do not change from month to month. Examples can include: rent, mortgage, a car note.
Variable Expenses
Variable expenses are expenses that vary. Examples can include: electric bill, and medical expenses, etc. Sometimes variable expenses can be controlled by the actual person by holding to their budgets.
Student Resources
Card sorts are going to be beneficial for your students to understand fixed/variable expenses. A card sort that has cards that include common expenses and then asks students to sort them into categories based on whether they will change month to month or stay fixed. Using specific items, like soft drinks, and letting students decide whether the item is a necessity or if its purchase can be deferred.