{"id":58418,"date":"2022-12-08T02:38:00","date_gmt":"2022-12-08T02:38:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=58418"},"modified":"2023-03-09T11:04:09","modified_gmt":"2023-03-09T11:04:09","slug":"discretionary-income","status":"publish","type":"post","link":"https:\/\/businessyield.com\/financial-aid\/discretionary-income\/","title":{"rendered":"DISCRETIONARY INCOME DEFINITION: What It Is, Difference and Examples","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
It is not enough to earn a considerable amount of income, you must learn to manage your finances to attain financial freedom. What you receive as your net pay after tax deductions is your disposable income. Subtracting necessary expenses from your disposable funds will leave you with your discretionary funds. This is the exact amount you can save, invest, or simply spend on anything you want. From buying a new pair of jeans to treating yourself to an expensive meal or on vacation. In a way, discretionary income influences the economy because businesses come up with marketing strategies targeted at prospective buyers, and producers of luxury goods gets to sell their products too.<\/p>\n\n\n\n