What type of expenses fluctuate on a monthly basis, such as groceries and electricity bills?

Flexible expenses are those that can vary from month to month, depending on usage and individual circumstances. Unlike fixed expenses, which remain constant and predictable, flexible expenses adapt based on personal choices or needs. For example, grocery bills fluctuate based on meal planning, family size, sales that occur, and dietary needs. Similarly, electricity bills may vary with seasonal changes in weather, daily usage patterns, and energy efficiency of appliances. Understanding flexible expenses is crucial for effective budgeting as it allows individuals to anticipate and manage these costs more efficiently each month.