Overspend

/ˈoʊvərˌspɛnd/

Meaning & Definition

verb

To spend more than one has budgeted or can afford.

After the holidays, I realized that I had overspent on gifts.

To exceed the allocated amount of funds in a budget.

The department overspent its budget this quarter due to unexpected expenses.

To spend excessively or wastefully.

If you continue to overspend on luxury items, you will find yourself in debt.

Derived from 'over-' meaning excessively and 'spend' meaning to pay out money.

live beyond one's means

To spend more money than one earns.

budget blowout

An excessive spending that goes beyond the established budget.

financial black hole

A situation where money is spent with no return or value.

budgeting

The process of creating a plan to spend your money.

debt

Money that is owed or due.

spendthrift

A person who spends money in an extravagant, irresponsible way.

blow your budget

I really blew my budget at the mall this weekend!

living large

He’s been living large lately, totally overspending on luxury items.