Day 11 of 90 · UNDERSTAND · Week 2: Where Is Your Money Going?
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Fixed Versus Flexible
Understand which costs you can actually change this month.
About 5 minutes
Learn
Fixed costs — rent, insurance, loan payments — change slowly and usually require a decision, a call, or a move.
Flexible costs change immediately. Most people attack flexible costs first because they are easy, then plateau.
Large fixed costs are harder to change but change more. One housing or insurance decision can outweigh a year of small cuts.
Do
Mark your three largest fixed costs and note when each could realistically be revisited.
Think About It
Which fixed cost has gone unexamined the longest?
Optional — no answer needed to continue
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