All the income that comes from interest earned from the investment, child support or alimony and other forms of compensation qualify as income.
If you want to understand how to handle your own economy, along with income, you should also understand the different kinds of expenses associated with the household. There are two kinds of expenses that you have to do, fixed expenses and variable expenses.
In fixed expenses, car payments, mortgage payments, rent and any outstanding loans can be included. The expenses on monthly utility bills, food and bank service charges are included in the variable expenses.
After identifying the income and the expenses, now you should make a budget. By determining that how much money would come and how much would be spent to meet the obligations you have already to some extent accomplished the process. However, apart from these things, you should also save some money to meet some unexpected expenses. These unexpected expenses may be auto repairs etc.
Now, you should determine that how much money is remaining, you should allocate some part of this money for the entertainment purposes. The remaining money should be saved in some bank account for the future obligations.