Which of the following items falls under discretionary spending?

Discretionary spending refers to expenses that are not essential for basic living needs and can be adjusted or eliminated based on personal choices. Travel is a clear example of discretionary spending because it is typically not a necessity; individuals can choose whether or not to spend money on travel depending on their preferences, circumstances, and financial situation.

In contrast, rent payments, healthcare expenses, and utility bills are considered fixed or essential expenses. These costs are necessary for maintaining a home, health, and basic living conditions. Since they are required for day-to-day life, they do not fall into the category of discretionary spending. Thus, travel stands out as an expenditure that can be foregone or prioritized differently based on individual financial goals and lifestyles.