- The definition of a budget is an itemized summary of planned expenses for a given period along with the estimated income for that period.
An example of budget is what California Governor Jerry Brown vetoed in June of 2011 for being unbalanced.
- A budget is defined as a plan or estimate of the amount of money needed for cost of living or to be used for a specific purpose.
- An example of budget is how much a family spends on all expenses in a month.
- An example of budget is how much a person plans on spending on a new bed.
- Budget means to make a schedule for using time or a plan for paying expenses.
An example of budget is someone going over all their past monthly expenses to make a plan for future monthly expenses.
budget definition by Webster's New World
- Obsolete a bag, pouch, or purse, or its contents
- a collection of items; stock
- a plan or schedule adjusting expenses during a certain period to the estimated or fixed income for that period
- the cost or estimated cost of living, operating, etc.
- the amount of money needed or allotted for a specific use
Origin: Middle English bougette ; from Old French diminutive of bouge: see budge
- to put on or in a budget; provide for in a budget
- to plan (expenditures or activities) according to a budget
- to plan in detail; schedule: budget your time
budget definition by American Heritage Dictionary
- a. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress.b. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be part of our budget this year.c. The total sum of money allocated for a particular purpose or period of time: a project with an annual budget of five million dollars.
- A stock or collection with definite limits: “his budget of general knowledge” (William Hazlitt).
- Appalachian Mountains A wallet or small pouch.
- To plan in advance the expenditure of: needed help budgeting our income; budgeted my time wisely.
- To enter or account for in a budget: forgot to budget the car payments.
- Of or relating to a budget: budget items approved by Congress.
- Appropriate for a restricted budget; inexpensive: a budget car; budget meals.
Origin: Middle English bouget, wallet, from Old French bougette, diminutive of bouge, leather bag, from Latin bulga, of Celtic origin; see bhelgh- in Indo-European roots.
- budgˈet·arˌy adjective
- budgˈet·er, budgˌet·eerˈ noun
budget - Business Definition
- An itemized projection of revenues and expenses for a specific period of time. Companies utilize a variety of budgets, including cash budgets that exclude noncash items such as depreciation and accruals.
- The amount of funds allocated for a specific purpose. For example, a company may establish a marketing budget or a family may set a budget for a vacation.