How much is your discretionary spending each month? : r/budget

We make 10.3k per month take home between my husband and I both working after saving for retirement. Our bills and living expenses are 5.5k of that. We then save $500 in our sinking fund. The remaining 4.3k per month I consider discretionary spending. We spend on getting to drive …

$500
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How Much Is Your Discretionary Spending Each Month? : R/budget

2 weeks from now

reddit.com

35%
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How Much Do You Budget For "fun Money" Each Month?

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I like it too, but the 20-35% is too excessive on all cases IMHO. In my case, 1800€ net income per month, I only set 200€ for discretionary spending (mostly restaurants / take away food, …

reddit.com

$1
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What Is Your Monthly Fun Budget And What Do You Wish It Were?

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In practice, we each take $1k per month spending money (this does include gas and pretty much anything we spend money on outside of groceries) plus $600 combined for eating out and put …

reddit.com

$100
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What Is Discretionary Spending? | A Guide For Parents - Greenlight

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Feb 13, 2024 · Using your goals, determine how much money you have each month for discretionary and mandatory items. If you decide that $100 is your limit for dining out, track …

greenlight.com

$6
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What Are Discretionary Expenses And How To Manage Them

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Nov 2, 2023 · While $6 per month is unlikely to make or break your budget, small decisions on where you spend money on anything other than essentials can have a big impact on your …

benzinga.com

$800
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How Much Discretionary Income Do You Have To Work With Each …

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Wife and I each keep $800 from our paychecks for personal spending and savings goals. Seems high, but I truly enjoy not having a window into the trainwreck that is my wife's daily spending …

reddit.com

$5000
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What Is Discretionary Income | PNC Insights - PNC Bank

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6 days ago · To find your discretionary income, subtract your taxes and essential expenses from your gross income: $5,000 - $1,000 (taxes) - $3,000 (essential expenses) = $1,000. In this …

pnc.com

30%
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What Are Discretionary Expenses? - NerdWallet

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Mar 17, 2021 · Accounting for discretionary expenses is a part of the 50/30/20 budget, a plan for controlled spending. In this system, up to half of your budget is allocated to needs, 30% to …

nerdwallet.com

$600
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How Much Is Your Discretionary Spending Per Month - DCUM …

2 weeks from now

Feb 8, 2022 · Subject: How much is your discretionary spending per month. quote. Anonymous. Usually $600-$1000. report. 02/08/2022 21:23. Subject: Re:How much is your discretionary …

dcurbanmom.com

$200
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How Much Discretionary Spending Money Do You Budget For Each …

2 weeks from now

Hard to say, because it depends on how you define discretionary. I would say maybe $200/month, but realistically it varies and is a lot more if you include travel (generally one vacation per year, …

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FAQs about How much is your discretionary spending each month? : r/budget Coupon?

How much should you budget for discretionary spending?

Whether you're creating a budget for the first time or trying to evaluate your existing approach, the right amount to budget for discretionary spending depends on your income, other expenses and financial goals. Being prepared for "fun" spending can help you feel less constrained and make it much easier to stick to your budget. ...

What are discretionary expenses?

If you are not familiar with the term discretionary expenses, it refers to non-necessary spending, or spending money at your discretion rather than on necessary expenses. While rent, mortgage payments, and groceries are necessary, discretionary expenses are those you incur voluntarily such as dining out or cable television. ...

What if your discretionary spending is taking up more than 30 percent?

If you’re budgeting with the 50-20-30 rule and find your discretionary spending is taking up more than 30 percent of your budget, you can look for easy ways to save on everyday expenses, like packing leftovers for lunch instead of eating out or bringing your own snacks the next time you head to the movie theater. ...

How do I manage discretionary expenses?

Practical tips for managing discretionary expenses start with knowing what you’re spending. You can consider using a budgeting app to track expenses. You can do this manually with pen and paper or in a simple spreadsheet. Once you’ve tracked your expenses for a month, look at where each percentage of your funds are going. ...

How do I find out how much discretionary money I have?

To figure out how much discretionary money you have, it helps to use a worksheet to list all of your expenses and income. You can use this worksheet to get an idea of how much you spend or expand it to include other items to create a complete budget worksheet. ...

What is a more long-term discretionary expense?

For example, a more long-term discretionary expense could include saving for a special vacation. While investing doesn’t usually fall into definitions of discretionary expenses, you can always allocate more of your discretionary funds to investments or retirement savings. ...