Budget (Noun)
Syllable division: bud·​get
How to pronounce: UK: /ˈbʌdʒ.ɪt/ US: /ˈbʌdʒ.ɪt/

British Pronunciation of the word Budget
American Pronunciation of the word Budget

#1 Meaning: A plan that shows the amount of money that is available to be spent.
Example:
> In our house we live according to the budget that has been drawn up by my parents.
> The organization has an annual budget of $300 000
> Some schools finds it extremely difficult to remain within their budget drawn up by the department.
> Last month I barely sticked to my budget.

#2 Meaning: When something is very cheap.
Example:
> We decided to fly with a budget airline.
> They booked our accommodation at a budget hotel

Do you work according to a budget?
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Mature couple calculating their budget at home using laptop and calculator.

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