What context can I use each word in?
Learn when and how to use these words with these examples!
budget
Example
We need to create a budget for our monthly expenses. [budget: noun]
Example
They budgeted $500 for their vacation. [budgeted: past tense verb]
allocation
Example
The government announced the allocation of funds for infrastructure development. [allocation: noun]
Example
They allocated two hours for the meeting. [allocated: past tense verb]
Good things to know
Which word is more common?
Budget is a more commonly used term in everyday language, especially in personal finance and business contexts. On the other hand, allocation is more specific and often used in project management and resource planning.
Whatโs the difference in the tone of formality between budget and allocation?
Both budget and allocation can be used in formal and informal contexts. However, budget is more versatile and commonly used across different formality levels, while allocation is more commonly used in professional and technical settings.
