Put into a savings account.
Put into a savings account.
Put into a savings account.
Take your monthly income and subtract your monthly bills and cost of living expenses (gas, groceries, etc.) The money that is left is consider disposable income.
1. Money left after a business pays expenses
Spending money.
ProfitMoney that is left after all business expenses are paid is called profit.
Profit
Discretionary Income
profit
profit
Net income is calculated by subtracting all expenses from total income. First, determine your gross income, which includes all sources of income like salary, bonuses, and any side earnings. Then, list and total all monthly expenses, including fixed costs (like rent or mortgage) and variable costs (like groceries and entertainment). Finally, subtract the total expenses from the gross income to find the net income, which indicates how much money you have left after covering all your expenses.
Profit