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Discretionary income
DISCRETIONARY INCOME

Definition: (economics) Income available for personal spending after taxes and use for basic necessities.
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* All six elements should be in.


1. Purposeful and necessary for the earner-owner.

2. The source(s) of income was/were genuine, legal.

3. Money or sum (income) is fully possessed; at hand. That is, there cannot be a delay or an excuse to not have required access to money.

4. Amount will be considered as adequate or enough.

5. No service provider gets a share will spending.

6. Expenditure or expenses will not result in extra spending that was not budgeted or provided for. That is, cash will be real or genuine !
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Quote: "If money is your hope for independence you will never have it. The only real security that a man will have is a reserve of knowledge, experience and ability". - Henry Ford.

Quote: "A bank is a place that will lend you money if you can prove that you don't need it". - Bob Hope.

Quote: "The easiest way for your children to learn about money is for you not to have any". - Katharine Whitehorn.

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