What is another word for discretionary spending?

Pronunciation: [dɪskɹˈɛʃənəɹi spˈɛndɪŋ] (IPA)

When it comes to managing finances, the term "discretionary spending" refers to expenses that are not essential and can be chosen or avoided based on personal preferences. Synonyms for discretionary spending include "non-essential expenses", highlighting the fact that these costs are not mandatory or critical to daily life. Another alternative is "optional spending", emphasizing the discretionary nature of these expenses. Furthermore, the term "disposable income allocation" can be used to convey the idea of allocating funds to non-essential purchases after fulfilling necessary obligations. Ultimately, these synonyms emphasize the flexibility individuals have in determining how they allocate their funds for non-essential items and experiences.

What are the opposite words for discretionary spending?

The opposite of discretionary spending is mandatory spending. While discretionary spending refers to optional expenses that individuals can choose to make or not, mandatory spending comprises expenses that the government must meet due to legal or constitutional obligations. Mandatory spending includes funding for programs such as Social Security, Medicare, and Medicaid, as well as interest payments on the national debt. Unlike discretionary spending, mandatory spending cannot be altered or cut through budget negotiation processes as it is mandated by law. In general, mandatory spending is seen as essential while discretionary spending is considered less critical to national needs.

What are the antonyms for Discretionary spending?

Famous quotes with Discretionary spending

  • Domestic discretionary spending on education and health care and the environment has been growing at 2 to 3 percent a year. He says we have to rein it in, but he ignores the spending category that is the big spike in the budget.
    John Spratt
  • It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.
    Craig L. Thomas

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