budgeting

  

Definition

Process of expressing quantified resource requirements (amount of capital, amount of material, number of people) into time-phased goals and milestones.

Use budgeting in a sentence

  • The new project in New York was going to involve a substantial financial investment but with careful planning and budgeting the CEO was sure he could make it work.

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  • Without proper budgeting it is impossible to know how much money we have coming in, and going out of our office.

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  • My friend's economic situation is always teetering on the brink of bankruptcy, because his budgeting skills leave a lot to be desired.

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