Question

In a personal budget, which of the following is considered a flexible expense?

A. Vacation savings

B. Apartment utilities

C. A mortgage payment on a home

D. College tuition

Answer 1

A flexible expense is something that can be changed at any time. Vacation savings fits the mold of this, as it can be changed. It is not desperately needed, unlike the others. 

Answer 2

The answer is A because vacations are a recreational activity, not a necessity, so if need be the money can be transferred or placed in another area