Budgeting
/ˈbʌdʒɪtɪŋ/
Definitions
2 meaningsThe act of planning and controlling expenses within a set amount of money.
/ˈbʌdʒɪtɪŋ/
The process of creating and managing a budget.
Effective budgeting is essential for financial stability.
💡 Simply: Planning how to spend your money.
More Examples
The company's budgeting process was streamlined this year.
How It's Used
"Careful budgeting is crucial for the success of any business."
"She improved her financial situation through diligent budgeting."
To plan and control the spending of money.
/ˈbʌdʒɪtɪŋ/
To create or manage a budget.
She budgets her monthly expenses meticulously.
💡 Simply: To plan how to spend money.
More Examples
The team is budgeting for the new project.
How It's Used
"We are budgeting for a 10% increase in sales next year."
"They budget carefully to ensure they can afford their mortgage."
Synonyms & Antonyms
Synonyms
From "budget", ultimately from Old French "bougette" (small bag), referring to the bag containing funds.
The word 'budget' gained prominence in the 18th century with the rise of governmental accounting.
Memory tip
Think of a 'budget' as a small bag (bougette) containing your money, and 'budgeting' as carefully managing what's in it.
Word Origin
"small bag"