overspend

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over|spend (overspends overspending overspent)
The verb is pronounced /'oʊvərsp'end/ The noun is pronounced /'oʊvərspend/
1 [VERB] V on n, V by amount, V
If you overspend, you spend more money than you can afford to.
Don't overspend on your home and expect to get the money back when you sell...
I overspent by £1 on your shopping so I'm afraid you owe me...
He argued that local councils which overspend should be forced to face fresh elections.
2 [N-COUNT] usu sing
If an organization or business has an overspend, it spends more money than was planned or allowed in its budget. (BRIT BUSINESS; in AM, use overrun)
Efforts are under way to avoid a £800,000 overspend.

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