What are the opposite words for nondiscretionary spending?
Nondiscretionary spending is also known as mandatory spending. It refers to the expenses that are required by law, such as taxes, Social Security, Medicare, and Medicaid. Antonyms for this term would be discretionary spending or optional spending, which refers to expenses that are not required by law and can be avoided if necessary. Discretionary spending includes things like entertainment, travel, and luxury items. Unlike mandatory spending, discretionary spending is entirely up to your discretion and can be controlled based on your personal priorities and financial situation. The idea of discretionary spending is to have control over where and how you spend money, instead of being obligated to specific expenses.
What are the antonyms for Nondiscretionary spending?
Other relevant words:
• Other relevant words (noun):
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