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lectur4-page32 - Payments on credit card bills for...

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Discretionary income is disposable income less essential purchases for food, clothing, shelter, and transportation. Basically it is the money you have after paying your family living expenditures to either save or spend at your discretion, or perhaps the family’s discretion.
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Unformatted text preview: Payments on credit card bills for vacations, and consumption other than living expenditures are paid for out of discretionary income. Payments on credit cards are most often re-payments of future discretionary income. 32...
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