To spend more money than is budgeted, planned, or affordable; to exceed one's financial limits. This action often leads to debt, financial strain, or the need to cut back on other expenses. It implies a lack of fiscal responsibility or poor financial planning. The verb form suggests a recurring pattern of spending beyond one's means, often leading to negative financial consequences. Careful budgeting and spending habits are necessary to avoid overspending.
Overspends meaning with examples
- The company consistently overspends on its marketing campaigns, resulting in a significant budget deficit each quarter. Despite warnings, the marketing department leaders continued to ignore budget constraints.
- During her impulsive shopping spree, Sarah, without restraint, overspends on luxury goods, and now has to sell some possessions to pay her bills.
- The government's infrastructure project overspends on every phase, which burdens taxpayers and delays project completion. This lack of financial oversight is a major issue.
- After the unexpected car repair, they realized that they were likely to overspend their monthly budget to cover the unexpected expense. They took action to reduce spending elsewhere.