Definitions for "Discretionary Expenses"
Living expenses that could be reduced, resulting in savings that could be used to meet specific financial goals. These expenses may include personal enjoyment or luxury items such as vacations, entertainment, home improvements and new cars. See Committed expenses.
Expenses that are incurred for nonessentials. May include entertainment, shopping, dining-out, etc.
Determined by personal needs and wants and may be controlled. Examples: clothing, entertainment.