Concept of disposable income

Reference no: EM13768790

In personal finance, the concept of disposable income is very important. It refers to total personal income that you have available to spend after income taxes that is left for you to "dispose" of by either spending or savings. Generally, many people don't like tax increases as it decreases their disposable income directly.

CLASS: Why do you think many people tend to avoid the topic of taxes compared to other personal financial planning topics?

Reference no: EM13768790

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Concept of disposable income : In personal finance, the concept of disposable income is very important. It refers to total personal income that you have available to spend after income taxes that is left for you to "dispose" of by either spending or savings.

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