Ed Bostrom wants to reduce his fixed expenses. Which action would be appropriate?

Question

Quizplus · Accepted Answer

Finding a place to live with lower rent is the most effective way to reduce fixed expenses because it provides a long-term solution that can significantly lower monthly expenses. Getting a part-time job or saving more money for the future can help increase income or savings but does not directly reduce fixed expenses. Eating more meals at home may help reduce variable expenses but does not directly reduce fixed expenses. Buying on credit items that might cost more later will only increase fixed expenses due to interest charges.

Ed Bostrom Wants to Reduce His Fixed Expenses