costing or being more than the amount alloted or budgeted: The building is half-finished and it’s already overbudget.
What word is budget?
1 : a statement of estimated income and expenses for a period of time. 2 : a plan for using money. budget. verb. budgeted; budgeting.
What is meant by budgeting?
Budgeting is a process of looking at a business’ estimated incomes (the money that comes into the business from selling products and services) and expenditures (the money that goes out form paying expenses and bills) over a specific period in the future.
What is the plural of budget?
1 budget /bt/ noun. plural budgets.
What is meant by over or under budget?
budget Definitions and Synonyms on/within budget (=spending only as much money as you have): So far the project is more or less on budget. over/under budget (=over or under the amount you have to spend): … They run the magazine on a pretty tight budget.
Is out of my budget?
it means you dont have enough money to buy it. You could have enough money to buy it, but it is not in your price range, you are not willing to spend that much money.
Is budget a verb or noun?
BUDGET (verb) definition and synonyms Macmillan Dictionary.
How do you say out of budget?
This objection takes several forms. A prospect may say anything like, It’s not in the budget, My budget’s been cut, or I just don’t have anything left in the budget.
What does it mean to balance your budget?
A balanced budget is a situation in financial planning or the budgeting process where total expected revenues are equal to total planned spending. … A budget can also be considered balanced in hindsight after a full year’s worth of revenues and expenses have been incurred and recorded.
How do you explain budget to a child?
I can break it down into five steps:
- Track your expenses & income for one month.
- Create the categories that fit your life.
- Set some short-term & long-term financial goals.
- Cut certain areas to make those goals possible.
- Adjust your budget accordingly over time.
What is a budget class 12?
A government budget is an annual statement of the estimated receipts and expenditure of the government during a fiscal year. Just as your household budget is all about what you earn and spend, similarly the government budget is a statement of government income and expenditure.
What is budgeting in HRM?
What is HR budgeting? The human resources budget refers to the funds that HR allocates to all HR processes enterprise-wide. The HR budget will include funds allocated to hiring, salaries, benefits, talent management, training, succession planning, workforce engagement, and employee wellness planning.
Is budget countable or uncountable?
(countable) A budget is a limit to how much money can be spent on something. Our budget for a new car is $10,000. (countable) A budget is a plan for how money will be spent.
What type of noun is budget?
noun. /bdt/ /bdt/ [countable, uncountable] the money that is available to a person or an organization and a plan of how it will be spent over a period of time.
What does it mean to over budget?
Definition of over budget : beyond the amount of money than had been planned for The director always goes over budget on his films.
Is it better to be under budget or over budget?
under budget (=using less money than planned) If you come in under budget, everyone will be very impressed. over budget (=using more money than planned) Feature movies always run over budget.
What is it called when you go over budget?
A cost overrun, also known as a cost increase or budget overrun, involves unexpected incurred costs. When these costs are in excess of budgeted amounts due to a value engineering underestimation of the actual cost during budgeting, they are known by these terms.
What under budget means?
: involving less money than had been planned for The project was completed on schedule and under budget.
How do you spend your salary?
Steps To Put Your Salary To Good Use
- Always budget based on your net income or the salary you get in hand after all deductions.
- Calculate how much you spend on the basics, like rent, food, commuting, bills (electricity, internet, monthly instalments or EMIs, etc.)
What should my budget look like?
Setting budget percentages That rule suggests you should spend 50% of your after-tax pay on needs, 30% on wants, and 20% on savings and paying off debt. While this may work for some, it’s often better to start with a more detailed categorizing of expenses to get a better handle on your spending.
How do you split salary?
The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.
Can I use budget as a verb?
verb (used with object), budgeted, budgeting. to plan allotment of (funds, time, etc.). to deal with (specific funds) in a budget.
What part of speech is budget?
budget
| part of speech: | noun |
|---|---|
| part of speech: | verb |
| inflections: | budgets, budgeting, budgeted |
| definition: | to plan the use or spending of. He budgets his time well during the week so that he is able to play soccer on the weekends. synonyms: ration similar words: arrange, plan, schedule |
| related words: | ration |
How do you use budget in a sentence?
make a budget.
- The organization has a large annual budget.
- Don’t forget to budget for the cost of textbooks.
- There are few surprises in this year’s budget.
- Congress is continuing to oppose the President’s healthcare budget.
- The defence budget was still growing.
What’s another word for affordable?
What is another word for affordable?
| cheap | inexpensive |
|---|---|
| reasonable | economical |
| modest | bargain |
| budget | fair |
| low | popular |
What does it mean to stay within budget?
Definition of within budget : not spending more money than had been planned for We’re still within budget.
What do you know about budget?
A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.
Why should budget be balanced?
Planning a balanced budget helps governments to avoid excessive spending and allows them to focus funds on areas and services that require them the most.
How do you balance a personal budget?
Here are some easy ways to balance your budget that will make you realize it’s nothing to worry about.
- Put Savings In A Different Account, Immediately. …
- Put Aside Your Rent In Increments. …
- Think Of Spending In Terms Of Needs And Wants. …
- Stick To One Form Of Payment. …
- Pay Your Bills As Soon As You Get Them. …
- Set Realistic Goals.
What is a budget making one and how do you balance it?
Steps to create a balanced budget
- Review financial reports. …
- Compare actuals to last year’s budget. …
- Create a financial forecast. …
- Identify expenses. …
- Estimate revenue. …
- Subtract projected expenses from estimated revenues. …
- Adjust budget as needed. …
- Lock budget, measure progress and adjust as needed.
