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Disposable income is the amount of an individual's income left after taxes and fixed costs (such as rent/mortgage, food, car payments, insurance, etc.) which is available for spending and saving. It was also known, in previous generations, as discretionary money.
Money that you spend on things that you want. Not the money you spend on what you need.
See also
External link
A simple disposable income calculator (http://www.disposableincome.net/)
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