Which of the following is NOT typically a fixed expense?

Groceries are categorized as a variable expense rather than a fixed expense. Fixed expenses are those costs that remain constant and predictable each month, such as rent or mortgage payments, insurance premiums, and typically a set amount for utilities, even if they can fluctuate slightly depending on usage.

In contrast, groceries can vary significantly from month to month based on personal needs, dietary choices, family size, and shopping habits. Unlike fixed expenses that are essential and budgeted for consistently in monthly financial plans, grocery costs are more discretionary and can be adjusted based on budgetary constraints or changes in lifestyle. This variability in grocery spending is why it does not fall into the fixed expense category.