Fixed expenses are expenses that do not change from month to month, and variable expenses are expenses that can fluctuate from month to month

Yes these statements are correct.

Step-by-step explanation:

Fixed expenses are expenses that do not change from month to month. Yes these expenses are like monthly rent or EMI's, or monthly fee for your children etc.

Variable expenses are expenses that can fluctuate from month to month. Like sudden plan of parties or weddings, sudden illness of someone etc.