Which of the following would be considered a fixed expense?

A fixed expense refers to costs that do not change in amount from month to month and must typically be paid regularly. Rent payments are a prime example of fixed expenses because they usually have a set amount agreed upon in a lease agreement and remain consistent until the lease term ends or is renegotiated. This predictability allows individuals to easily plan their budgets around these expenses.

In contrast, groceries, utility bills, and entertainment costs can vary significantly from month to month, making them variable expenses. Groceries can fluctuate based on personal consumption and pricing changes, utility bills often vary with usage, and entertainment costs can differ greatly depending on personal preferences and activities.