Definition: Income left after taxes have been paid. (Income - Taxes = Disposable Income). Disposable income is used to cover necessary living expenses like food, shelter, and transportation.
The amount of your disposable income is used to calculate your debt to income ratio.
Any income left after taxes and expenses have been paid is discretionary income.
The amount of your disposable income is used to calculate your debt to income ratio.
Any income left after taxes and expenses have been paid is discretionary income.
