budget management
Controlling spending plans
Budget management is the process of planning, tracking, and controlling how money is spent over a period of time.
It involves setting spending limits, monitoring expenses against those limits, and making adjustments to stay within financial constraints.
The term applies at every scale—from personal finances to corporate departments to government agencies: The nonprofit's budget management has been tight since donations dropped.
- expense trackingRecording what you spend
- line itemDiscrete budgetary allocation
- spreadsheet softwareApplication for tabular calculations
- number crunchingIntensive calculation work
- decision-makingProcess of choosing actions
cash flow · resource allocation · bottom line · rainy day fund · strategic planning · performance metrics · contingency planning · reconciliation · appropriations · cost-benefit analysis · spending cap · accountability · financial reporting · prioritization · forecasting models · forecast · ledger · deficit
- Healthcare Managementnurse manager, director of nursing, charge nurse, head nurse, nurse supervisor
- theater administrationstage manager, general manager, managing director, artistic director, production manager
- Lab Operationslab manager, lab technician, lab safety, lab equipment, lab notebooks
- event planningevent planning, event coordination, agenda, timeline, RSVP
- homemakingcooking, cleaning, laundry, recipes, baking
- School Administrationprincipals, vice principal, school boards, assistant principal, headmaster
budget managementfinancial mismanagement
Improper handling of funds
reckless spending · overspending · squandering · living beyond one's means · profligacy
budget managementbankruptcy
Legal status when insolvent
insolvency · financial ruin · debt spiral · going broke · economic failure