Budgeted Synonyms & Antonyms

Budgeted Synonyms & Antonyms

Are we missing a good synonym for budgeted?

budgeted synonym

To fix your finances, you need to get a handle on your outlay first. Online banking and online budgeting software can help you categorize spending so you can make adjustments. Many people find that just by looking at aggregate figures for discretionary expenses, they are spurred to change their patterns and reduce excessive spending. If you are constantly looking at what you have to cut and give up, the very act of budgeting will become distasteful. A mixture of long- and short-term gifts to yourself will help keep you motivated.

At a corporation, the top management reviews the budget and submits it for approval to the board of directors. A budget is an estimation ofrevenue 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 family, a group of people, a business, a government, a country, a multinational organization or just about anything else that makes and spends money. At companies and organizations, a budget is an internal tool used by management and is often not required for reporting by external parties.

To manage your monthly expenses, prepare for life’s unpredictable events and be able to afford big-ticket items without going into debt, budgeting is important. Keeping track of how much you earn and spend doesn’t have to be drudgery, doesn’t require you to be good at math and doesn’t mean you can’t buy the things you want. It just means that you’ll know where your money goes, you’ll have greater control over your finances. Once you’ve gone through these steps, monitor your progress for a few months.

Synonyms for budgeted

Having a handle on your monthly income and expenses allows you to make sure your hard-earned money is being put to its highest and best purpose. For those who enjoy an income that covers all bills with money left over, a budget can help maximize savings and investments. If one’s monthly expenses typically consume the lion’s share of net income, any budget should focus on identifying and classifying all the expenses that occur during the month, quarter and year.

How to use budgeted in a sentence?

You can do this by writing everything you spend in a notebook, via budgeting apps on your phone, or with that software you used in step 4 to review your spending. How you track your money isn’t as important as how much you are tracking. Focus on ensuring that every cent is accounted for by dividing your expenses into categories.

If you simply increase your income without a budget to handle the extra cash properly, the gains tend to slip through the cracks and vanish. Once you have your budget in place and have more money coming in than going out (along with the buffer of an emergency fund), you can start investing to create more income. If you are young, however, the rewards of investing inhigher-risk, high-return vehicles like stocks can outweigh most low-interest debt over time.

In general, traditional budgeting starts with tracking expenses, eliminating debt and, once the budget is balanced, building an emergency fund. But to speed up the process, you could start by building a partial emergency fund. This emergency fund acts as a buffer as the rest of the budget is put in place, and should replace the use of credit cards for emergency situations. The key is to build the fund at regular intervals, consistently devoting a certain percentage of each paycheck toward it and, if possible, putting in whatever you can spare on top. Instead of taking the more common road of instant gratification, which leads so easily to overspending and endless debt, learn all you can about finances, money managementand how you can best invest in yourself.

A cost overrun, also known as a cost increase or budget overrun, involves unexpected costs incurred in excess of budgeted amounts due to an underestimation of the actual cost during budgeting. Cost overrun should be distinguished fromcost escalation, which is used to express an anticipated growth in a budgeted cost due to factors such as inflation.

Synonyms for budgeting

  • Once you have your budget in place and have more money coming in than going out (along with the buffer of an emergency fund), you can start investing to create more income.
  • If you simply increase your income without a budget to handle the extra cash properly, the gains tend to slip through the cracks and vanish.
  • If you are young, however, the rewards of investing inhigher-risk, high-return vehicles like stocks can outweigh most low-interest debt over time.

People often cut too deep and end up making a budget that they can’t keep because it feels like they are giving up everything. Substitution, in contrast, keeps the basics while cutting down the costs.

budgeted synonym

EXAMPLES FROM THE WEB FOR BUDGET

Stashing 10% of your income into your savings account is daunting when you’re living paycheck to paycheck. It doesn’t make sense to have $100 in a savings plan if you are fending off debt collectors. Your piggy bank will have to starve until you can find financial stability. You would save money if you used your emergency fund to eliminate credit card debt, but the purpose of the fund is to prevent you from having to use your credit card for paying for unexpected expenses. With a proper emergency fund, you will not need your credit card to keep you afloat when something goes wrong.

If you are saving for retirement, you may have the option of contributing a set amount regularly to a 401(k) or other retirement savings plan. This way, you can pay yourself first, have enough money for the transfer and pay yourself the same predetermined amount that you know will help you meet your savings goals.

Budgeting is not synonymous with spending as little money as possible or making yourself feel guilty about every purchase. The aim of budgeting is to make sure you’re able to save a little each month, ideally at least 10% of your income, or at the very least, to make sure that you aren’t spending more than you earn. Unless you’re on a very tight budget, you should be able to buy baseball tickets and go out to eat. Tracking your expenses do not change the amount of money you have available to spend every month; it just tells you where that money is going.

Talk to your financially savvy friends and get real-world tips and advice from people who are doing well with their money. If you’re still not convinced that budgeting is for you, here’s a way to protect yourself from your own spending habits.

From our Multilingual Translation Dictionary

And for people whose cash flow is tight, it can be crucial for identifying expenses that could be reduced or cut, and minimizing any wasteful interest being paid on credit cards or other debt. Use half of the money you save to invest or pay off outstanding debts, and save the other half to begin building a home gym in your basement. Instead of buying coffee from a fancy coffee shop every day, invest in a coffee maker with a grinder and make your own, saving more money over the long term. Although eliminating expenses entirely is the fastest way to a solid budget, substitution tends to have more lasting effects.

Synonyms for budget

So if you want to save money without compromising your financial aid eligibility, you can do so by using your savings to buy a house, prepay your mortgage or contribute more money to your retirement accounts. The savings you put into these assets can still be accessed if you face an emergency, but you won’t be penalized for it. All budgets get rolled up into the master budget, which also includes budgeted financial statements, forecasts of cash inflows and outflows, and an overall financing plan.

budgeted synonym

Budgeted Synonyms & Antonyms

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