Budgeting And Finance Terminology

noun a reduction in the amount or extent of something

verb to reduce the amount or extent of something

• The company had to cut back on expenses in order to stay afloat during the economic downturn.
• I need to cut back on shopping so I can save money for my vacation.
• I really need to cut back on the junk food, it's not good for my health.
• Sometimes you have to cut back on your social life in order to focus on your career goals.

verb to obtain or collect (something) with difficulty or by searching around for it

• During times of scarcity, it is common for people to scrounge for resources.
• I had to scrounge for some change to pay for parking.
• We scrounged up enough cash to grab some late-night snacks.
• He always manages to scrounge up some excuse for being late.