These will include expenses such as rent, mortgage payments, food, and travel, but there will also be many other essential expenses you should consider.
That means you need to understand the difference between ‘disposable income’ and ‘discretionary spend’.ĭisposable income is defined as your take-home income after any relevant deductions, such as tax, national insurance, and pension payments.ĭiscretionary spend is defined as the amount you have left from your disposable income after taking out your living costs. Gambling should be fun! To make sure it stays that way and doesn’t impact other areas of your life, it’s important to think about the amount of money you can afford to gamble.
