Fixed expenses are regular, recurring costs that do not change in amount from month to month. Common examples include rent or mortgage payments, insurance premiums, and subscription services. These expenses are predictable, making it easier for individuals and businesses to budget their finances. Unlike variable expenses, which can fluctuate based on usage or consumption, fixed expenses remain constant. Understanding fixed expenses is crucial for effective financial planning, as they represent a significant portion of overall spending. By tracking these costs, individuals can better manage their budgets and ensure they have enough funds to cover essential obligations.