Which type of expense is typically fixed and involves a consistent monthly payment?

Rent is considered a fixed expense because it usually requires a consistent monthly payment over the term of a lease. This amount does not change from month to month, making it a reliable and predictable charge that individuals can easily account for in their budget. Unlike variable expenses, such as utilities, groceries, or entertainment, which can fluctuate in amount each month based on usage or personal spending habits, rent remains constant and must be paid in full by a specified date. This predictability is essential for financial planning, as it helps individuals allocate their income accordingly and manage their overall financial obligations.