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Budgeting: meaning, definitions and examples

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budgeting

 

[ ˈbʌdʒɪtɪŋ ]

Noun / Verb
Context #1 | Noun

financial planning

Budgeting is the process of creating a plan to spend your money. It involves setting financial goals, outlining expenses, and tracking income to ensure you are not spending more than you earn.

Synonyms

expense tracking, financial planning, money management

Examples of usage

  • Budgeting helps you prioritize your spending and save for future goals.
  • By budgeting effectively, you can avoid unnecessary debt and achieve financial stability.
  • Budgeting allows you to see where your money is going and make adjustments to reach your financial objectives.
Context #2 | Verb

financial management

To budget means to allocate your money in a planned way. It involves setting limits on spending for different categories and following a financial plan to achieve your goals.

Synonyms

allocate, manage, plan

Examples of usage

  • I need to budget my monthly income to cover all my expenses.
  • She budgets carefully to ensure she can save money for her dream vacation.
  • Budgeting for unexpected expenses is an important financial skill.

Translations

Translations of the word "budgeting" in other languages:

🇵🇹 orçamento

🇮🇳 बजटिंग

🇩🇪 Budgetierung

🇮🇩 penganggaran

🇺🇦 бюджетування

🇵🇱 budżetowanie

🇯🇵 予算編成

🇫🇷 budgétisation

🇪🇸 presupuestación

🇹🇷 bütçeleme

🇰🇷 예산 편성

🇸🇦 إعداد الميزانية

🇨🇿 rozpočtování

🇸🇰 rozpočtovanie

🇨🇳 预算编制

🇸🇮 proračunavanje

🇮🇸 fjárhagsáætlun

🇰🇿 бюджеттеу

🇬🇪 ბიუჯეტირება

🇦🇿 büdcə tərtibi

🇲🇽 presupuestación

Etymology

The term 'budgeting' originated from the Middle English word 'bowgette,' which meant a small bag or pouch. Over time, it evolved to refer to a financial plan or estimate of income and expenses. Budgeting has been a crucial aspect of personal and business finance for centuries, helping individuals and organizations manage their money effectively.

See also: budget, budgetary, underbudget.

Word Frequency Rank

Ranked #12,318, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.