Definition, Meaning & Synonyms
budget
noun
/ˈbʌdʒ.ɪt/
Definition
A budget is a plan that outlines expected income and expenditures over a specific period.
Examples
- We need to stick to our budget to avoid overspending.
- The city council approved the new budget for the upcoming year.
- She created a monthly budget to save for her vacation.
Meaning
It helps individuals and organizations manage their finances by tracking spending and saving.
Synonyms
- financial plan
- spending plan
- estimate
