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

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Allen has determined his fixed expenses, which are expenses that remain the same amount each month regardless of changes in income or spending habits. Fixed expenses include things like mortgage payments, car loan payments, and home insurance payments.

Allen Arnold Has Determined That the Amount of Money He