The Complete Vocabulary Builder Workbook by BETTER WORDS R. B. Skinner

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budget

noun

/ˈbʌdʒ ɪt/

IPA:

Dictionary definition of budget

A financial plan or estimate that outlines the expected income and expenses of an individual, organization, or government entity over a specific period.
"My monthly budget helps me track my expenses and stay within my financial limits."

Detailed meaning of budget

It serves as a guiding tool for managing and allocating financial resources effectively. A budget typically includes detailed information on projected revenues, such as income from various sources, and anticipated expenditures, such as expenses for necessities, investments, or discretionary items. By setting financial limits and goals, a budget enables individuals and entities to make informed decisions about spending, saving, and investing, thereby maintaining financial stability and achieving desired outcomes. Effective budgeting involves careful consideration of priorities, balancing income and expenses, and making adjustments as necessary to ensure financial sustainability and optimize resource allocation.

Example sentences containing budget

1. The government is currently working on a new budget for the upcoming fiscal year.
2. They had to cut their travel budget due to unexpected expenses.
3. Our marketing team presented a budget proposal for the upcoming advertising campaign.
4. The company's budget for employee training has been increased to enhance skill development.
5. I need to review my budget before deciding on a vacation destination.
6. The school board approved a budget increase to improve educational resources.

History and etymology of budget

The noun 'budget' finds its etymological roots in the Old French word 'bougette,' which referred to a small bag or pouch. This Old French term was derived from the Latin 'bulga,' meaning a leather bag or pouch. Over time, the meaning of 'budget' evolved to represent a financial plan or estimate, likely due to the practice of keeping financial records or plans in small bags or pouches during medieval times. Thus, the contemporary concept of a budget as a comprehensive financial plan detailing expected income and expenses emerged from these historical associations with pouches and bags.

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Further usage examples of budget

1. We need to find ways to reduce our household budget without sacrificing quality of life.
2. The nonprofit organization relies on donations to fund its programs and operate within its budget.
3. The budget deficit has prompted discussions about potential cost-cutting measures.
4. The project manager allocated a significant portion of the budget to research and development.
5. We need to prioritize our expenses and make adjustments to stay within the project budget.
6. Creating a budget is essential for managing your finances.
7. The company's budget allocation is under review.
8. The government passed the annual budget with adjustments.
9. Sticking to a strict budget helps you save money.
10. They presented a detailed budget proposal to the board.
11. The school's budget supports various educational programs.
12. The family's budget allows for a modest vacation.
13. The budget deficit forced cutbacks in public services.
14. A well-planned budget can lead to financial stability.
15. They are discussing the budget for the upcoming year.
16. The organization's budget relies on donor contributions.
17. The budget includes funds for infrastructure development.
18. A balanced budget is crucial for economic growth.
19. The project's budget includes costs for materials and labor.
20. The city council approved the municipal budget.
21. The budget shortfall required creative solutions.
22. The department head oversees the team's budget.
23. The budget presentation highlighted areas of concern.
24. The budget committee reviews funding requests.
25. The nonprofit organization manages a tight budget.