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Discretionary money is calculated by subtracting essential expenses from your total income. First, determine your total monthly income, including salary and any additional sources. Then, list and total all necessary expenses, such as housing, utilities, groceries, and transportation. The remaining amount after these essential expenses is your discretionary money, which can be used for non-essential spending or savings.
What else can I help you with?
How do you calculate percentage of change for money?
you ask someone
What are the importance of mathematics to human life?
its lets us know how to calculate money
How can you use money to calculate 12 times 50?
To calculate 12 times 50 using money, you can think of it as finding the total amount if you have 12 groups of $50. Simply multiply 50 by 12, which gives you $600. This represents the total amount of money you would have if you received $50 twelve times.
Calculate the velocity of money when nominal gross domestic product GDP is 1 trillion and the money supply is 250 billion?
Gross Domestic Product divided by the value of the money supply 1,000,000,000,000 divided by 250,000,000,000 = 4.
How do you calculate the percentage of money?
To calculate the percentage of money, you divide the specific amount you want to find the percentage of by the total amount, and then multiply the result by 100. The formula is: ( \text{Percentage} = \left( \frac{\text{Part}}{\text{Total}} \right) \times 100 ). For example, if you want to find what percentage $20 is of $200, you would calculate ( \left( \frac{20}{200} \right) \times 100 = 10% ).
Example of discretionary spending?
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
Money left over after the bills are paid is referred to as what?
discretionary income.
What is an example of a fixed expense thats paid for with discretionary funds?
Budget items that remain the same month to moth is an example of a fixed expense that is paid for with discretionary funds. Discretionary fund is the money that is subject to one's own control.
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
What is money left over after paying necessities?
discretionary income ka-ching!
What is discretionary spending within a budget?
Money that can be used for any purpose
What is the difference between discretionary and non discretionary spending?
Discretionary fiscal policies are those that are enacted in response to a need, for example, a tax cut. Non-discretionary fiscal policies are those that happen regardless of conditions or need, for example, the welfare system.
What is a discretionary income?
the amount of money available in a budget after all identified expenses has been paid
What is the difference between a consumer's disposable and discretionary income?
Disposable income is the money a consumer has left after paying taxes to use for necesities such as food housing, clothing, and transportation. Discretionary income is the money that remains after paying for taxes and necessities and is used for luxury items.
What can discretionary funds be used to pay?
Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.
What is Money called after left over when costs are paid?
Money that remains after all costs and expenses have been paid is commonly referred to as "profit" or "net income." In personal finance, it can also be called "disposable income" or "discretionary income," depending on the context. This leftover money can be used for savings, investments, or discretionary spending.
What is the money left over after paying your necessary expenses called?
Discretionary Income Discretionary income = Gross income - taxes - all compelled payments (bills) Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
