Discretionary spending

Discretionary spending,

Definition of Discretionary spending:

  1. The money that consumers spend on non-essential purchases, such as holidays or luxury items. The additional income after a person's personal expenses and taxes is the amount of the remaining income.

  2. Voluntary or discretionary expenditures that are contrary to mandatory or mandatory expenditures, especially those expenditures that are permitted by the government or other government agency, but are not required.

Meaning of Discretionary spending & Discretionary spending Definition