budgeting
Pronunciation: [ˈbʌdʒɪtɪŋ]
Word
Context: “finance”
(noun) the process of planning how to spend money. It helps people decide what they can afford and what they should save or spend.
Example
Creating a budgeting plan helped her save money for a new bike.
Example
Without budgeting, he ended up spending all his money and had nothing left for rent.
Example
How can budgeting help you manage your money better?
Context: “finance”
(verb) the action of making a plan for how to use money. When you budget, you decide how much money goes to different things like saving, spending, or paying bills.
Example
She is budgeting for her vacation by setting aside a little money each week.
Example
He stopped budgeting and found it hard to cover his expenses.
Example
Are you budgeting for your next big purchase?
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