Discretionary income selection

Maximum use of income at your discretion

Discretionary income is what you have left after paying your fixed costs. You spend on everything you choose.

But …

How you spend this money may vary depending on your financial situation, but before that we need to find out what the discretionary income is.

Rent / rates:

Car operating costs



Food և etc.

People who have some kind of dependency will prioritize their spending so that that dependency is included in their fixed costs.

Everyone, as an adult, has freedom of choice if they do not have debts, which means that their freedom is degraded relative to the level of debt.

The old saying, “The borrower is a slave to the lender,” sums it up.

We all have some control over most of our fixed costs, such as food և electricity, we can cut them, but in the case of goods such as rates / rents, they are fixed, but even if we can choose to live in a more modest apartment or reduce.

Excess of your expenses is called discretionary income.

Another way to increase your one-time (discretionary) income is to increase your income by getting a part-time job, getting a higher-paying job, or selling items online.

Saving money at your own discretion for bigger purposes, instead of breaking it down, gives your life some meaning. Just to let something happen, you make something happen. In 10-20 years, many people wondered what had happened.

There is a big difference between saving your money and investing it. Reasonable investors use their discretion to increase their wealth by investing in higher risk stocks, stocks, gold, and cryptocurrencies. There are plenty of online platforms where you can make money on these things if you are still climbing the investment ladder.

But then you can choose to save for the holidays և list one or two items in your bucket list. Closing the borders will limit the choice of your places, but here in New Zealand, there are many fantastic places to visit, it is an opportunity to discover your own backyard.

New Zealand’s most popular events are landing at the Franz Fox Glaciers, diving in the hot pools of Hanmer Springs, visiting the Marlboro Wine Region or attending sporting events across the country. One thing I have to mention here is the Tranz Alpine Express train ride between Christchurch and Grameut. It was considered one of the best train journeys in the world, ունենալ I do not agree with its experience. It should be on everyone’s list.