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The amount of your daily/weekly/monthly/annual budget that is dedicated to smut; including (but not limited to): money spent on strip clubs, happy ending massage parlors, pornographic materials, and sex toys.
“What’s your smudget?”
“Your ginormous smudget is financially sinking this household!”
Just because ‘smudget’ is a word now, it still doesn’t make prostitution legal”
Smudget by Geswho89 November 28, 2017
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Smudget: A small budget
I don't have a lot of disposable income, I live on a smudget.
Smudget by Wyominggirl June 26, 2012
Related Words

Smudgeon 

The art show features Maryland’s newest smudgeon
Smudgeon by Suzins May 27, 2018

Smudge muffin

A term used to describe someone who loves eating vagina!
Hey did you hear? That Tommy is a total smudge muffin!
Smudge muffin by Hom2436 January 24, 2018

butt smudge

The crusty brown material that gets transferred to the rear of the toilet seat or underwear, resulting from the accumulation of fecal matter at the top of an unclean, too-far-rear-wiping person's ass crack.
I almost sat in the hefty butt smudge that you left on the seat!
butt smudge by Etch August 17, 2006

greek smudge

brown poo stains left in the toilet after a dinner of hearty greek food. they may take several flushes before they begin to fade away.
"Bill ate greek food last night and greek smudged his tiolet to hell."
(n) immoderate smugness; the act of being smug at all times without temperament
I can't deal with Owen and the smuggetry of his whole crew. They're a bunch of duchebags.
smuggetry by Shrimphead May 9, 2008