What type of expenses are characterized by being easily changed, reduced, or eliminated?

Flexible expenses are characterized by their ability to be easily changed, reduced, or eliminated. These expenses typically vary based on an individual's choices and lifestyle. Examples include discretionary spending such as dining out, entertainment, or shopping, which can be adjusted depending on one's financial situation or priorities.

In contrast, fixed expenses are commitments for a specific amount that do not change from month to month, such as rent or mortgage payments, insurance premiums, and certain subscription services. Variable expenses can fluctuate but are often linked to consumption levels, such as utility bills that change with usage. Recurring expenses refer to amounts that are regularly paid, which can include both fixed and variable types but does not indicate the nature of their flexibility.