Meaning of the word overspend in English

What does overspend mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

overspend

US /ˌoʊ.vɚˈspend/
UK /ˌəʊ.vəˈspend/

Verb

to spend more money than you have or more than was planned

Example:
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I always tend to overspend during the holidays.
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The company decided to cut costs after realizing they had overspent on the new project.

Noun

an act of spending more money than is available or planned

Example:
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The government's annual overspend has become a major concern.
•
Careful budgeting can help prevent an overspend.