What are flexible expenses?

Flexible expenses are costs for enjoyment, relaxation and other non-essential things. They vary considerably per person and per month, making them the item you can most easily adjust.

Think of:

• Eating out or ordering in.
• Holidays and outings.
• Subscriptions such as streaming services.

In the buffer calculator you set this against your fixed costs to work out how much you can spare for investing or a pension.