noun “budget”
singular budget, plural budgets
- the total amount of money allocated for a specific purpose
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The school set a budget of $5,000 for the new library books this year.
- a detailed itemized summary showing how much money will be spent on what
The family created a budget to plan their spending and savings for the year.
- the state of having only a small amount of money
Since we're on a budget, we decided to have a picnic instead of going to the amusement park.
adjective “budget”
base form budget, non-gradable
- suitable for people who do not want to spend a lot of money
We stayed at a budget hotel to save money on our trip.
verb “budget”
infinitive budget; he budgets; past tense budgeted; past part. budgeted; ger. budgeting
- to be careful and deliberate about how you use money
She budgets her monthly salary to make sure she can pay all her bills.
- to allocate the given sum of money
We need to budget $200 for the office party next month.
- to create a financial plan or budget
Every month, the management is involved in budgeting.