Discretionary choice of income


Get the most out of your judgment

Discretionary income is what you have left after paying fixed costs. Your spending on whatever you choose.

But …

The way you spend this money can change your financial situation, but before that we need to find out what income is optional.

Rental / betting

The cost of operating the car



Grocery, etc.

People who have some kind of addiction will prioritize so that the addiction is included in the fixed costs.

Everyone, as an adult, has freedom of choice when he has no debt, which means that his freedom deteriorates depending on the level of debt.

The old adage “The borrower is the slave of the lender” is summed up.

We all have some control over most of our fixed costs such as food and electricity; we can cut them, but items like rates / rents are fixed, but even then we can choose accommodation in a more modest apartment or reduce it.

Exceeding your expenses is called self-income.

Another way to increase your disposable (at your own discretion) income is to increase your income by getting a part-time job, working with higher pay, or selling things online.

Saving your own expenses for some big goals instead of talking about them gives your life some meaning. Instead of just letting things happen, you make it happen. Many people in 10-20 years wondered what had happened.

There is a big difference between saving money and investing it. Astute investors use their judgment to increase their wealth by investing in stocks and high-risk stocks, gold and cryptocurrency. There are plenty of online platforms where you can drip money if you are still climbing the investment ladder.

But then you may prefer to save on vacation and mark one or two items on your list. Closing the border will limit you to a choice of places, but here in New Zealand, so many fantastic places to visit, it’s an opportunity to open your own backyard.

Among the most popular activities in New Zealand – landing on the glaciers of Franz and Fox, diving into the hot pools of Ganmer Springs, visiting the wine region of Marlborough or participating in one of the sporting events in the country. Here I must mention one thing – this is the journey of Tranz Alpine Express trains between Christchurch and Greymouth. It is rated as one of the best train journeys in the world, and having experienced it, I disagree. It should be on everyone’s bucket list.