Definition of «budget»

A budget is a financial plan that outlines expected income and expenses for a specific period of time, typically one year or less. It helps individuals and organizations to allocate resources effectively, avoid overspending and achieve their financial goals.

Usage examples

  1. Create a budget for your monthly expenses to track your spending.
  2. Stick to your budget while grocery shopping to avoid overspending.
  3. Review your budget regularly to see if any adjustments need to be made.
  4. Set a budget for your upcoming vacation to ensure you don't overspend.
  5. Allocate a specific budget for dining out to limit your restaurant expenses.
  6. Cut down on unnecessary expenses by following your budget strictly.
  7. Make adjustments to your budget to save money for a specific goal, such as buying a new car.
  8. Involve your family members in budget discussions to ensure everyone is on the same page financially.
  9. Consult a financial advisor if you need help creating a budget that suits your financial goals.

Sentences with «budget»

  • Identifying monthly fixed and variable expenses and estimating your monthly sales can help get you on track for budgeting for your startup. (business-opportunities.biz)
  • The exercise of budgeting for the holidays will help show your child the value of money, how to earn it, and how to spend it wisely. (localparent.ca)
  • Students will see the cost of their degree rocket and universities will have to charge much higher fees just to recoup the money the government is taking away in budget cuts. (politics.co.uk)
  • (see all sentences)
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