Meaning of the word "budget for" in English

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

budget for

US /ˈbʌdʒɪt fɔːr/
UK /ˈbʌdʒɪt fɔː/

Phrasal Verb

to plan to spend a certain amount of money for a particular purpose

Example:
We need to budget for a new car next year.
Did you remember to budget for unexpected expenses?