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Great job on practicing spreadsheet skills! As we start accounting for expenses, it's important to distinguish between fixed and variable expenses. Fixed expenses, such as rent or phone bills, are easy to predict. However, predicting variable expenses like dining out or oil changes can be challenging. Emergencies are unpredictable by nature. Money doesn't grow on trees, but it's possible to account for all expenses by organizing them into fixed and variable sets. Fixed expenses are easier to predict in timing and amount.