Meaning & Definition of word "Overspend"
Overspend
/ˈoʊvərˌspɛnd/
verb:
- 1. To spend more than one has budgeted or can afford.
- Example: After the holidays, I realized that I had overspent on gifts.
- 2. To exceed the allocated amount of funds in a budget.
- Example: The department overspent its budget this quarter due to unexpected expenses.
- 3. To spend excessively or wastefully.
- Example: If you continue to overspend on luxury items, you will find yourself in debt.
Etymology
●Derived from 'over-' meaning excessively and 'spend' meaning to pay out money.
Common Phrases and Expressions
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.
Related Words
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.
Slang Meanings of overspend
Meaning: blow your budget
● Example Sentence: I really blew my budget at the mall this weekend!
Meaning: living large
● Example Sentence: He’s been living large lately, totally overspending on luxury items.