A fixed expense typically does not change and cannot be easily changed.

A variable expense typically changes from
month-to-month and/or week-to-week.

Buying goods and services for yourself is considered spending.

Giving goods and services to others is considered sharing.

Setting money aside to spend later is considered saving.

In general, profit is the amount earned on
goods/services minus the amount spent/invested.

A bank is a place where people can keep their
money and valuables safe and get loans.

Many banks have an automated teller machine, or ATM,
where people can make deposits or withdrawals.