Definition of Variable Expense An expense is variable when its total amount changes in proportion to the change in sales, production, or some other activity. In other words, a variable expense increases when an activity increases, and it decreases when the activity decreases. Examples of ...
What is a variable expense? Officially, a variable expense is a cost that changes month to month or occurs irregularly. Unofficially, variable expenses are probably the most likely culprit for busting your budget. Learning more about what a variable expense is and figuring out how to plan for...
Variable expenses, on the other hand, are costs that may vary or be unpredictable, such as a car repair or a medical bill. Whether a given expense is fixed or variable, it’s important to be able to account for all expenditures accurately in your budget to help ensure you can cover ...
A variable cost is a business expense that’s directly affected by production. What Is a Variable Cost? Business expenses broadly fall into two categories: variable or fixed. Fixed costs remain constant regardless of changes in the level of production. Variable costs fluctuate with the level of ...
HELOCs are often used to pay for home improvements, but the funds can go toward any expense. What is a HELOC? A HELOC (home equity line of credit) is a revolving form of credit with a variable interest rate, similar to a credit card. The line of credit is tied to the equity in ...
Home equity loan:This is a lump-sum loan based on your home’s equity, typically with a fixed interest rate. It’s suitable for those who need a specific amount for a one-time expense. Chase does not offer this loan product. Personal loan:Unsecured loans that can be used for different...
Understanding your company’s financial statements is integral to success. Learn what a financial statement is and explore the different types with QuickBooks.
Final expense insurance: This is a type of whole life insurance designed specifically to cover funeral and burial costs.Final expense insurancetypically offers smaller death benefits, making it more affordable for seniors or those with limited financial resources. ...
A high-yield savings account is a bank account that earns a higher-than-average return. The average savings account pays only a small yield.
Ensuring the math works out not only validates that your business can be profitable in the first place but also pinpoints what you should prioritize early on when cash is tight. When learning how to calculate startup costs for a small business, you can begin with these steps: Researching ...