What are discretionary expenses?

These are expenses which are not essential for day to day living

The amount to be spent is dependent on you as an individual

The figure is based on your decision or choice and hence is known as discretionary expense

Two people can buy a similar thing or get a service but pay vastly different amounts for it

Even the same thing can be bought at different prices for example buying a shirt for Rs 300 or for Rs 900.

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