Ed Bostrom wants to reduce his fixed expenses.Which action would be appropriate?
A)Get a part-time job
B)Eat more meals at home rather than in restaurants
C)Find a place to live with a lower rent
D)Save more money for the future
E)Buy on credit items that might cost more later

Question

Quizplus · Accepted Answer

Finding a place to live with a lower rent would directly reduce Ed Bostrom's fixed expenses, as rent is typically a significant fixed expense for most individuals. Getting a part-time job or saving more money for the future may help with overall financial stability, but they may not directly address Ed's goal of reducing fixed expenses. Eating more meals at home rather than in restaurants may help reduce variable expenses, but it may not have as significant an impact on fixed expenses as finding a lower rent. Buying on credit items that might cost more later would not reduce fixed expenses and could potentially increase overall expenses due to interest and fees.

Ed Bostrom Wants to Reduce His Fixed Expenses