When it comes to managing finances, the term "discretionary spending" refers to expenses that are not essential and can be chosen or avoided based on personal preferences. Synonyms for discretionary spending include "non-essential expenses", highlighting the fact that these costs are not mandatory or critical to daily life. Another alternative is "optional spending", emphasizing the discretionary nature of these expenses. Furthermore, the term "disposable income allocation" can be used to convey the idea of allocating funds to non-essential purchases after fulfilling necessary obligations. Ultimately, these synonyms emphasize the flexibility individuals have in determining how they allocate their funds for non-essential items and experiences.