One way to revise a budget to meet long-term goals is to _______ discretionary spending.

One way to revise a budget to meet long-term goals is to reduce discretionary spending. Discretionary spending refers to the non-essential expenses that can be adjusted or eliminated in order to allocate more resources towards savings and investments, thereby helping you achieve long-term financial goals such as buying a home, funding education, or preparing for retirement. By carefully assessing and minimizing these expenses, you can create a more focused budget that aligns with your financial aspirations. This strategic approach not only aids in better budgeting but also cultivates a habit of prioritizing essential expenditures while ensuring greater financial stability in the future.