What statement best describes fixed expenses?

Fixed expenses refer to regular payments or costs that remain constant over a specified period, typically on a monthly basis. These expenses are predictable and do not fluctuate, making them different from variable expenses, which can change each month. Common examples include rent or mortgage payments, insurance premiums, and subscription services.

In contrast, other options describe expenses that either vary or are discretionary. While some contracts or bills can change from time to time, fixed expenses are characterized by their regularity and stability, which allows for better budgeting and financial planning. This consistency is crucial for managing long-term financial obligations, making option C the most accurate description of fixed expenses.