Glossary Of Debt Management & Financial Terms
Disposable Income
Money left over once taxes are deducted.
The income left over after all of the essential expenses have been accounted for. An example would be, a persons income would be £1000, their expenses (mortgage/rent, utilities, petrol etc.) total £900, that would leave a disposable income left of £100. This is what could be potentially put towards a debt management programme so that the client can afford to manage their debts.
