Dictionary - Budgeting & Savings
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Balanced Budget

A balanced budget exists when a household's (or country's) revenues are equal to its expenses. For example, let's assume that John Doe and his wife Jane Doe earn $100,000 a year. Read more

Discretionary Income

Discretionary income is the income left over after paying taxes and normal living expenses. Discretionary income is the income remaining after the essentials (taxes, food, clothing, shelter, etc.) have been paid for. Read more

Disposable Income

Disposable income, also known as net pay, refers to the income that’s left for personal spending after direct taxes, such as federal and state income taxes, have been accounted for.It is a key concept in personal budgeting and economic policy. Read more