Outgo Meaning: Definition, Examples, and Translations
๐ฐ
outgo
[หaสtษกoส ]
Definition
financial terms
Outgo refers to the amount of money spent or disbursed in a given period. It often includes expenses such as bills, payments, and any other financial obligations. Tracking outgo is essential for personal budgeting, as it helps individuals or businesses understand their cash flow. Analyzing outgo can lead to better financial decision-making and improved savings strategies.
Synonyms
expenditure, outlay, spending.
Examples of usage
- I need to track my outgo for this month.
- The company's outgo increased due to higher operational costs.
- After analyzing his outgo, he decided to cut back on eating out.
Translations
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Interesting Facts
Finance
- In budgeting, 'outgo' refers to expenses that exceed income, which is crucial for assessing financial health.
- Understanding outgo helps individuals make informed decisions about savings and investments.
Cultural Perspective
- In various cultures, the concept of outgo can reflect social norms, such as gifting practices during festivals or celebrations.
- Communities often rely on mutual outgo, where resources are shared to support one another, emphasizing collective well-being.
Psychology
- Research shows that people are often more aware of their outgo when it comes to necessities, but overlook it for luxury items.
- Understanding oneโs outgo can lead to better mental well-being by reducing financial stress.
Pop Culture
- In movies and business shows, characters frequently discuss outgo to highlight their financial struggles or success.
- The concept is often humorously depicted in sitcoms where characters try to balance fun outings with their financial reality.
Origin of 'outgo'
Main points about word origin
- The term originated in the late 14th century, combining 'out' and 'go' to depict the action of leaving or spending.
- The first recorded use of the term refers to the act of spending in various contexts, from everyday life to business.
The term 'outgo' has its roots in the combination of the prefix 'out-' meaning 'away, forward, or outward,' and the verb 'go,' which implies movement or progress. It has been used in the English language since the early 19th century, with its meaning evolving to specifically denote the concept of financial outflow. Initially, 'outgo' was used in a more general sense but has since become more narrowly defined in financial contexts. The word reflects the increasing importance of managing finances and expenditures as the complexities of economic transactions grew over time.