Overspent

To spend more money than one had budgeted, allocated, or earned; to exceed one's financial limits. This often results in debt, financial strain, and a need for future cutbacks. The act of overspending can be applied to individuals, businesses, or even governments. It suggests a lack of fiscal discipline and can be a symptom of poor financial planning, impulsive behavior, or unexpected costs. It often implies the prioritization of immediate gratification over long-term financial stability and sometimes involves a lack of awareness or control over one's spending habits.

Overspent meaning with examples

• After a disastrous shopping spree, Sarah realized she had drastically overspent, leaving her credit card maxed out and her bank account depleted. She now faces months of budgeting to pay off the debt and vowed to create a detailed spending plan for the future, which will prevent a similar situation happening again.
• The company overspent its marketing budget on a lavish, yet ineffective, advertising campaign, and now had to lay off employees to cover their losses. The CEO acknowledged their mistake, attributing it to poor forecasting and a lack of oversight in the project's progress.
• During the holiday season, many families tend to overspent on gifts and festive treats, driven by the pressure to provide the "perfect" Christmas. This often leads to financial stress in January, after the initial excitement has worn off, and people have to create strict austerity measures.
• The government was accused of overspending on infrastructure projects, resulting in high taxes and a growing national debt. Critics argued that a greater emphasis on cost-effectiveness and fiscal prudence was needed to alleviate some of the nation's financial burdens.
• Despite several warnings from his financial advisor, Mark continued to overspent on luxury items and entertainment, ignoring the accumulating interest on his credit cards. His reckless financial behavior led to a spiral of debt, and a significant negative impact on his credit rating.