What is it called when you have money left over at the end of the month after expenses?
Discretionary income is money left over after a person pays their taxes and pays for essential goods and services like housing and food. Nonessential items like vacations and luxury goods are usually paid for with funds from discretionary income. Discretionary income is used by economists to measure economic health.What is money left over after expenses called?
Disposable income, also known as disposable personal income (DPI), is the net amount of money you have after you've paid your taxes. Once Uncle Sam has taken his cut, disposable income is the money you have left to spend, save, or invest.What is leftover money in a budget called?
Having a budget surplus means you have leftover money that you can save or spend. Knowing how much budget surplus you'll have in a set period enables you to make smart financial decisions that align with business goals.What do you call the money you have left after expenses?
Discretionary income = Salary - Taxes & Deductions- Essential Expenses. Discretionary income is what you have left after paying taxes and essential expenses: those monthly non-negotiables, such as food, accommodation, medical aid and insurance.What do you call extra money at the end of the month?
You've been budgeting carefully, allocating money to various categories. But at the end of the month, you've got “leftover” money.YNAB End Of Month - Reconciling, Overspending & Rollovers
What is the word for money leftover?
surplus. Few people have large sums of surplus cash. remaining.What is the term for excess money?
A surplus describes the amount of an asset or resource that exceeds the portion needed and used. A surplus can refer to income, profits, capital, and goods.What's it called when you have money left over?
Disposable income is what you have left over after taxes. Discretionary is what you have left over after taxes and necessities, such as a mortgage payment or rent.What is money left over after expenses?
Discretionary income is the amount of money that you have left for spending, investing, or saving after you've paid your taxes and paid for personal necessities, which include food, housing, and clothing—so-called non-discretionary expenses.What is the money that remains after expenses are paid?
Net income (NI), also known as net earnings, is the profit a company or individual makes after all expenses, taxes, and deductions are subtracted from total revenue. For businesses, net income appears on the income statement and is often referred to as the "bottom line," indicating overall profitability.What is leftover cash called?
Disposable income is money that remains to be used after all taxes are paid. All products and services including rent or mortgage payments, food, and utilities come out of disposable income. What is left over for wants (as opposed to needs) is known as discretionary income.What's a word for wasting money?
“prodigal in their expenditures” synonyms: extravagant, profligate, spendthrift. wasteful. tending to squander and waste. adjective.What is an over budget called?
A cost overrun, also known as a cost increase or budget overrun, involves unexpected incurred costs. When these costs are in excess of budgeted amounts due to a value engineering underestimation of the actual cost during budgeting, they are known by these terms.What is a leftover budget called?
Budget surpluses occur whenever an entity has more income than it spends. This includes companies and governments. Individuals can also have surpluses, although they're normally called savings. Having a surplus can be beneficial because those funds can be used to pay off debt or fund new investments.What is the cash left over cash expenses called?
The Bottom LineFrom gross profit, operating profit or operating income is the residual income after accounting for all expenses plus COGS. Net income is the bottom line, or the company's income after accounting for all cash flows, both positive and negative. Open a New Bank Account. Business. Corporate Finance.
What is the term for the amount of money left over after all expenses have been paid?
Profit refers to the money companies keep after paying all of their expenses. Gross profit equals sales minus the cost of goods sold. Operating profit accounts for expenses like overhead and depreciation. Net profit is also referred to as the bottom line.What is money left after expenses called?
Net income is the amount of money left from revenues after all expenses have been deducted, including cost of goods sold (COGS), interest, and taxes. Gross profit is revenue minus operating expenses, such as cost of goods sold (COGS); selling, general, and administrative expenses (SG&A); and no other expenses.What is the money remaining after all expenses are paid?
Net IncomeThis is essentially amount of money remaining after all expenses are subtracted from total revenue.