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discretionary income
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discretionary income


His payments are so high, that despite his high salary, he has very little discretionary income.
  income not required for reasonable and necessary living expenses
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Strongly Associated with:   disposable income
Notes:
It is common in bankruptcy law or budgeting to use the term "disposable income" in place of  "discretionary income;" though "disposable income" more commonly refers to income after taxes.
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Samples:
  • His payments are so high, that despite his high salary, he has very little discretionary income.
  • Being a single man with a rather large supply of discretionary income, and having had the opportunity to provide certain legal services to Mr. and Mrs. Gus Barlowe in the past, Charles B. Dunwoody III, Esq. saw no harm in occasionally availing himself of the pleasures of the Mouse’s Tail Gentlemen’s Club.
    Scott Pratt  --  An Innocent Client
  • Have you ever walked around a carnival with a giant stuffed animal? I am prepared now to reveal that there are two secrets to winning giant stuffed animals: long arms and a small amount of discretionary income.
    Randy Pausch  --  The Last Lecture
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Interest -- Source
General -- Google News®
General -- Time® Magazine
General -- Twitter®
Associated words [difficulty]:   discretionary income [9] , disposable income [8] , disposable income [8]
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Most commonly used in these subjects:   Personal Finance, Sports
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