Definition of “Budget”
The word “budget” in English refers to a financial plan that estimates income and expenses over a specific period. It can be used as both a noun and a verb.
- Noun: A plan for how to spend money.
- Verb: To plan or manage spending within financial limits.
Common Translations & Contexts
The term “budget” is often translated from other languages (e.g., Chinese “预算”) directly into English as “budget.” However, its usage varies by context:
- Personal Finance: “I need to stick to my monthly budget.”
- Government: “The national budget was approved by Congress.”
- Business: “Our marketing budget increased this quarter.”
- Travel: “We’re looking for budget-friendly hotels.”
Example Sentences
“She created a strict budget to save for her vacation.”
“We can’t afford that car — it’s way over our budget.”
“The company will budget $ 50,000 for employee training next year.”
Tips for Managing Your Budget
Whether you're learning English or managing your finances, understanding “budget” helps in real life:
- Track all your income and expenses weekly.
- Use the 50/30/20 rule: 50% needs, 30% wants, 20% savings.
- Review your budget every month and adjust as needed.
- Use free apps or spreadsheets to stay organized.