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Featured Word B2

budget (noun)

A budget is a formal financial plan that estimates the amount of money earned and spent over a specific period of time. It acts as a guide for managing resources, ensuring that expenditures do not exceed the available funds for a project, household, or organization.

💬 Example

"My roommate and I need to create a weekly budget for our shared grocery expenses."

💡 Memory Tip

Think of a 'BUD' (a small flower) that needs 'GET' (to get) water to grow. Your money is the water, and the budget is th...

🏛️ Origin

🔗 Synonyms
allocation finances allowance resources funding
⚠️ Common Mistakes

The budget of this phone is $500. → The price of this phone is $500.

I am traveling with a budget. → I am traveling on a budget.

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