"To squeeze a budget" means to reduce or limit expenses as much as possible in order to save money or make ends meet. It involves cutting back on unnecessary spending and finding ways to be more frugal with one's finances. Full definition
With the current financial pressures that schools are facing with squeezed budgets and deficits, budget monitoring is becoming an increasingly important and effective element of financial good practice. (educationbusinessuk.net)
As schools face squeezed budgets, shared back - office functions are increasingly seen as a way to make efficiencies. (schoolsweek.co.uk)
Not only did I not sale but stop paying down debt and squeeze my budget hard to buy as much as possible. (ritholtz.com)