![]() Cost of living indexĪ cost of living index is a city-to-city comparison of the cost of living in each place, based on a variety of consumer expenses and spending categories. People generally feel more comfortable spending on non-essential items when broader economic conditions are positive. Discretionary spending is influenced not only by how much disposable income one has remaining after paying for essential expenses, but also by the overall economic climate. Discretionary spending could also include luxury goods and travel. These might include recreation, entertainment or other items consumers purchase when they have money leftover after necessary expenses are covered. The term discretionary spending, on the other hand, is used to describe non-essential costs. ![]() Necessary expenses are living costs that cannot be avoided. The fully equipped brand new kitchen features newly installed Italian cabinetry, nine full pull out drawers with auto sensor equipped lights which fully illuminate each drawer as it opens for full functionality a full pullout cabinet door slide which holds both garbage and recycling bins a spacious floor to ceiling pantry with room for a full size washer dryer behind a custom tumbled marble backsplash all new Samsung stainless steel appliances - a built-in refrigerator with in door ice and water, ultra quiet dishwasher, microwave and five burner, self cleaning drop in gas range a seven and a half foot natural quartzite center island with seating for five numerous recessed lights hardwood floors custom crown moldings and a full glass door leading to the patio for outdoor dining and entertaining.Necessary spending is the money used to cover basic or essential needs, such as housing and food.
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