Search results
Results from the WOW.Com Content Network
Here are some examples that can help you better understand discretionary spending and some easy ways to reduce these non-essential expenditures. 1. Dining out at restaurants or ordering takeout.
In American public finance, discretionary spending is government spending implemented through an appropriations bill. [1] This spending is an optional part of fiscal policy , in contrast to social programs for which funding is mandatory and determined by the number of eligible recipients. [ 2 ]
For example, the number of workers per retiree was 5.1 in 1960; this declined to 3.3 in 2007 and is projected to decline to 2.1 by 2040. [25] According to census data for 2011, 16% of the population lived in a household where at least one individual received Social Security and 15% lived in a household where at least one individual received ...
Variable monthly expenses. These expenses fluctuate from month to month and are often discretionary in nature. Examples include groceries, utilities, entertainment expenses and travel. Variable ...
Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
Here are some common examples of fixed expenses: Rent payments. Mortgages. ... Flexible expenses are similar to variable expenses as they are discretionary purchases that can be altered or ...
Figure B provides a snapshot of the major discretionary government spending categories as of the fiscal year 2019 budget approved by Congress. As the figure suggests, over 50% of discretionary spending is attributed to national defense. The remaining 48% of funds is divided among non-defense items such as transportation and education.
30% for "wants" — discretionary spending on things like eating out, streaming services, subscriptions, gym memberships, yoga classes, hobbies, travel and other lifestyle expenses