discretionary expense
Definition
A recurring or non-recurring expense for goods and services which are either non-essential or more expensive than necessary. Examples include entertainment expenses and gourmet meals.
Cite this definition email to a friend
Related Research Articles from the InvestorGuide.com University
Goals and Progress Continuing the discussion of our simple 7 step budgeting process, this article includes information on how to set goals, and consequently how to achieve them.

Introduction to Budgeting Learn how to get your financial house in order. Here we describe the overall approach we recommend: choose a system, calculate your current income and expenses and compare the two, set specific goals and monitor your progress as you work toward them.

Income and Expenses Information on necessary steps in any budgeting process. Topics include determining your income, determining your expenses (whether they are fixed committed expenses, variable committed expenses, or discretionary expenses), and comparing the two.

|
|