Question

multiple-choice question
what is an example of a fixed/essential expense? select all that apply.
concert tickets
starbucks
rent
cell phone contract

Explanation:

Fixed/essential expenses are regular, necessary costs for basic living that are consistent each period. Concert tickets and Starbucks purchases are discretionary, non-essential spending. Rent is a mandatory cost for housing, a basic need, and is typically a fixed monthly amount. A cell phone contract is a fixed, recurring cost for essential communication in modern daily life.

Answer:

Rent, Cell Phone Contract