A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Gross IncomeYour total earnings before any taxes, retirement contributions, or other deductions are taken out of your paycheck.
- Net IncomeWhat is left of your earnings after taxes and deductions, which is the money you actually have available to spend or save.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
- Irregular IncomeEarnings that arrive unpredictably or in varying amounts, common for freelancers, commission earners, and gig workers.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
- Disposable IncomeThe money left over after paying taxes that you can freely choose to spend, save, or invest as you like.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.