Definition of discretionary income
: income that is left after paying for things that are essential, such as food and housing She has enough discretionary income to pay for a nice vacation each year.
Word by Word Definitions
: left to individual choice or judgment : exercised at one's own discretion
: available for discretionary use
: a coming in : entrance, influx
: a gain or recurrent benefit usually measured in money that derives from capital or labor
: the amount of such gain received in a period of time
Seen and Heard
What made you want to look up discretionary income? Please tell us where you read or heard it (including the quote, if possible).