# budget

Pronunciation: say "BUJ-it" /ˈbʌd͡ʒ.ɪt/

## Noun

1. The amount of money or resources set aside for a particular institution, activity, or period of time.
   - Simple: The amount of money set aside for a person, group, or period of time.
   - _Most of the department's annual budget goes to salaries and benefits._
   - _Their marketing budget shrank when sales fell short._
2. A detailed, itemized statement of planned spending, usually presented alongside the revenue expected to cover it.
   - Simple: A detailed plan of how much money a person or group will spend, and often how much will come in.
   - _Congress debated the federal budget line by line._
   - _She drew up a budget showing each project's costs against forecast income._
3. A comparatively small amount of money available to be spent.
   - Simple: A small amount of money that someone has to spend.
   - _Traveling on a modest budget, they avoided expensive restaurants._
   - _You can still eat well in this city on a budget if you know where to look._

## Adjective

4. Designed to be inexpensive and suited to limited spending.
   - Simple: Low in cost and made for people who want to spend less.
   - _The budget version of the phone lacks a few features but costs far less._
   - _Families on vacation often choose budget accommodations._

## Verb

5. To plan how money, time, or other resources will be spent, drawing up a budget for them.
   - Simple: To plan carefully how you will spend your money or time.
   - _Every January she sits down and budgets the household's income for the whole year._
   - _Couples who budget together tend to argue less about money._
6. To provide funds for something, or allow for it within a budget.
   - Simple: To set aside money for something when making a plan.
   - _Management budgeted enough cash to cover the holiday bonuses._
   - _We budget extra resources for unexpected delays._

## Noun

7. A wallet, purse, or small bag for carrying money or belongings. *(obsolete)*
   - Simple: A small bag, purse, or wallet for carrying things.
8. A compact bundle or collection of items grouped together. *(obsolete)*
   - Simple: A small, neat bunch of things kept together.
9. A socket, usually on a cavalry saddle, that holds the lower end of a carbine. *(obsolete)*
   - Simple: A holder on a saddle where a soldier rests the end of a gun.

## Origin

The word first shows up in 1432, as Middle English bogett ("leather pouch"). It was taken from Old French bougette, a diminutive of bouge ("leather bag, wallet"), which came from Late Latin bulga ("leather bag"). Behind that lie Gaulish *bolgā and, at the root, Proto-Indo-European *bʰelǵʰ-, a root the Germanic languages share; belly is related.

Source: DictionaryAI, https://dictionaryai.com/define/budget (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).