budget

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In professional contexts, a budget is often used to refer to a specific financial plan for a project or department, typically spanning a quarter or fiscal year. For example, 'The company's budget for Q2 has been increased by 10%.' However, in everyday conversation, a budget can also refer to a personal financial plan, as in 'I'm trying to stick to my budget this month.' Be aware that the verb 'to budget' can be a bit tricky, as it's often used as a gerund, as in 'I'm budgeting for a new car.'