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The only expenses that can be reduced in order to produce more savings are "Non-essential Expenses" and
"Essential (Variable)" expenses.
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The statement on "Non-essential expenses" and "Essential (Variable)" expenses is FALSE.

Which expenses can be reduced?

The only expenses that can be reduced so that people can have more savings is non-essential expenses. This is because a person can still get by even if they don't spend money on these expenses.

Essential expenses on the other hand cannot be reduced because they are needed to survive. Reducing them can therefore put a person at some form of risk.

In conclusion, the statement is false.

Find out more on essential expenses at https://brainly.com/question/12517403

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