Allen Arnold has determined that the amount of money he spends on his mortgage payment, car insurance payment, and cable bill totals $1,200 each month. What type of expenses has Allen determined with this calculation?

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Allen Arnold has determined his fixed expenses as they have a regular and consistent payment amount each month. Current liabilities refer to debts that are due within a year, long term liabilities refer to debts that are due beyond a year, net worth refers to the value of an individual's assets minus their liabilities, and variable expenses refer to expenses that vary in amount each month.

Allen Arnold Has Determined That the Amount of Money He