Definition: Income left after taxes and necessary expenses have been paid. Necessary expenses includes things like food, transportation, and housing expenses.
You can use discretionary income to build an emergency fund or fund a get out of debt plan.
Not to be confused with disposable income, which is the amount of income left after taxes.
You can use discretionary income to build an emergency fund or fund a get out of debt plan.
Not to be confused with disposable income, which is the amount of income left after taxes.
