Income

Because leisure and income are both valued, we have to decide whether to work, or do what we want.

Going to work implies more income but less leisure.

Staying at home is more leisure yet less income.

Disposable income is one of the standard terms of economics and finance.

That definition is this: Disposable income is whatever is left over after taxes.

The term disposable income comes from the idea that you have money left over to dispose of, or spend, as you wish.

In general, the more money you make, the more disposable income you will have (although you are also taxed at a higher rate).

A person or family can make a budget for the month based on disposable income and know exactly how much money they will have that month to spend on things like rent or mortgage, food, insurance, car payments, and entertainment.