Definition, Meaning & Synonyms

expendable income

noun

/ɪkˈspɛndəbl ˈɪnkʌm/

Definition

Income that is available for spending after all necessary expenses have been paid.

Examples

After paying for my bills and groceries, I had some expendable income left to spend on dining out and entertainment.
During the holiday season, many people experience an increase in expendable income, allowing for more gift purchasing.
Investing part of your expendable income can help grow your savings over time.

Meaning

Expendable income refers to the portion of an individual’s income that can be used at their discretion, allowing them to make leisure purchases or save for future needs.