Flexible Expense
An expense that is easily altered or avoided by the person bearing the cost. Flexible expenses are costs that may be manipulated in amount or eliminated by not engaging in the activity that incurred the expense. Investopedia Says:
In personal finance, flexible expense are costs that are easily changed, reduced or eliminated. Spending money on entertainment and clothing represent flexible expenses. Even expenses that must be incurred, such as a grocery bill, can be considered flexible because the amount spent can vary. Related Terms:
Budget
Expense
Inflexible Expense
Interest Expense
Recurring Debt |