Flexible expenses

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Flexible expenses

Expenses for an individual or corporation that can be adjusted or completely dispensed with, e.g., luxury goods.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Flexible Expenses

Unnecessary expenses that may be foregone if necessary. Personal flexible expenses might include luxury goods and services such as those associated with a vacation. Business flexible expenses might include personal accounts used to take potential clients out to dinner. In certain circumstances, even necessary expenses can be considered flexible if one may cut back on them. For example, one may spend less on groceries in a given week.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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This section stresses good management planning by showing how budgets for all areas in an entity are linked together, how sample budgeting formats for numerous organizational areas interact with pertinent statistical measures, how flexible expense budgeting can best be used, how the budgeting process can be streamlined or modified to enhance the speed of its construction or updating, and how budgets can be used for control purposes.
''Nomura's bottom-line performance may continue to be vulnerable to a relatively higher level of fluctuation without a more flexible expense structure in place,'' it said.
and they should determine fixed and flexible expenses. (Fixed expenses are exact amounts due on a specific date.
"Then she should budget enough to cover flexible expenses," says Broadnax-Lawrence, who also urges Graham to save while paying debt.

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