Fixed expenses

Costs that stay the same each time, like rent, a car payment or a phone plan.

Fixed expenses are the same amount every time they're due. They're easy to plan for because you know them in advance.

Some fixed costs come less often, like car insurance every 6 months or a yearly subscription. Planning for them ahead of time, with a sinking fund or by knowing which paycheck covers them, keeps them from catching you off guard.