Funds that are left over after you have paid for the necessities of food, clothing, and shelter are called discretionary funds.
What is discretionary funds?
These are funds, often considered not be necessary at the moment but are somewhat useful.
It is to be noted that discretionary funding is not essential for a person to live. A typical example is vacation.
Discretionary funds are often defined as nonessential spending. This means a business or household is still able to maintain itself even if all discretionary consumer spending stops.
Learn more about discretionary funds here: https://brainly.com/question/780448
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