Which one of the following budget items would probably be considered a fixed expense?

a) entertainment

b) savings

c) clothing

d) insurance premiums

Out of the following choices given, the budget item that would probably be considered a fixed expense is insurance premiums. Entertainment, savings, and clothing expenses can change from week to week or from month to month. Insurance will be a fixed amount for a year at a time and most likely won't change. The correct answer is D.

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