Quick Answer: What Are Non Discretionary Funds?

What is another word for discretionary?

Similar words for discretionary: elective (adjective) electoral (adjective) eligible (adjective) flexible (adjective).

What is discretionary income answers?

Discretionary income is money that is left over after paying your taxes and other living expenses (rent, mortgage, food, heat, electric, clothing, etc). Discretionary income is based and derived on your disposable income.

What does non discretionary spending mean?

Non-Discretionary or Mandatory Spending This is the mandatory spend you don’t have a lot of control over and that you need to be a member of society, such as everyday bills, utilities and cost of living.

What government spending is considered non discretionary?

The discretionary budget and taxes are the two main tools of discretionary fiscal policy. The discretionary budget does not include Social Security, Medicare, or Medicaid.

What does discretionary mean in law?

Discretion is the power of officials to act according to the dictates of their own judgment and conscience. Discretion is abused when the judicial action is arbitrary, fanciful, or unreasonable. If the plaintiff or the defendant thinks that the trial court judge has abused the discretion, the party can appeal the case.

What does discretionary mean?

1 : left to individual choice or judgment : exercised at one’s own discretion discretionary powers. 2 : available for discretionary use discretionary income.

What does discretionary amount mean?

Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

Are groceries considered discretionary spending?

While rent, mortgage payments, and groceries are necessary, discretionary expenses are those you incur voluntarily such as dining out or cable television. Your discretionary spending budget is only as big as the income you have available to fund it.

What are non discretionary items?

3. + New List. Non-Discretionary Items means all real estate taxes, insurance premiums and utilities relating to the Property.

What is discretionary vs non discretionary?

Simply put, a discretionary account is one in which a broker makes trades, buying or selling securities, in an investor’s account without the investor’s approval. A non-discretionary account is one in which the investor decides on what trades to make.

What is an example of a non discretionary variable expense?

Nondiscretionary expenses are things you must pay for or buy, including the following: Food. Rent or mortgage. Car payments.