budget meaning

budget means 'a plan for how to spend money'.

budget :

financial plan, spending plan

noun

▪ We need to stick to the budget.

▪ We need to follow the spending plan.

▪ The budget for the project is tight.

▪ The spending plan for the project is small.

paraphrasing

▪ plan – financial plan

▪ allocation – spending plan

▪ allowance – money plan

▪ estimate – spending guess

budget :

to plan spending, to allocate money

verb

▪ They budget $200 for food each month.

▪ They plan to spend $200 on food each month.

▪ We need to budget carefully this year.

▪ We need to plan our spending carefully this year.

paraphrasing

▪ allocate – to plan spending

▪ plan – to organize spending

▪ set aside – to reserve money

▪ earmark – to designate money

Pronunciation

budget [ˈbʌdʒ.ɪt]

The stress is on 'budg' and sounds like 'buhj-it'.

Common phrases and grammar about budget

budget - Common meaning

noun
financial plan, spending plan
verb
to plan spending, to allocate money

Part of Speech Changes for "budget"

▪ budgeting (noun) – planning spending

▪ budgetary (adjective) – related to a budget

Common Expressions with "budget"

▪ budget plan – spending plan

▪ budget constraints – spending limits

▪ budget surplus – extra money

▪ budget deficit – spending more than income

Important examples of budget in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC vocabulary questions, budget is often used to refer to financial plans or limits.

▪The team must work within the budget.
▪The team must follow the spending plan.

Example of a confusing word: bid (an offer)

▪The team must work within the bid.
▪The team must follow the offer.
"Budget" refers to a financial plan or limit, indicating the amount of money allocated for a particular purpose. In "The team must work within the budget," it correctly suggests adhering to financial constraints. "Bid," however, means "an offer," often in the context of auctions or proposals. Using "bid" in this context is grammatically incorrect and alters the meaning, as it implies an offer rather than a financial limit. Therefore, "budget" is the correct choice.

Grammar examples from the TOEIC test

As a verb, budget is used to show planning or allocating money in TOEIC grammar questions.

▪They budget $500 for travel.
▪They plan to spend $500 on travel.

budget

Idioms and fixed expressions in TOEIC

budget cut

means 'reduction in spending', used when talking about reducing expenses.

▪The company announced a budget cut.
▪The company announced a reduction in spending.

on a tight budget

means 'having limited money to spend'.

▪We are on a tight budget this month.
▪We have limited money to spend this month.

Differences between similar words and budget

budget

,

plan

differences

Budget is used for financial planning, while plan can be used for any kind of preparation.

budget
▪We set a budget for the event.
▪We made a financial plan for the event.
plan
▪We made a plan for the event activities.
▪We organized the event activities.

budget

,

allocation

differences

Budget refers to a complete financial plan, while allocation refers to distributing resources.

budget
▪The budget includes all expenses.
▪The distribution of money was decided.
allocation
▪The allocation of funds was decided.
▪The distribution of money was decided.

Words with the same origin as budget

The origin of budget

The word 'budget' comes from the Old French 'bougette', meaning a small bag, which was used to carry money.

Word structure

The word is from the Old French 'bougette', meaning a small bag for money.

Words with the same origin

The word's root is unclear or difficult to confirm.

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