A Banana Budget is the end-of-year scramble to spend leftover funds, typically by a business owner, manager, or department head, just so the
money doesn’
t “go bad.” If the budget isn’
t used, next year’s allocation might get reduced, so
people start buying unnecessary stuff just to peel through the remaining cash.
Coined by Moden Agency, a creative advertising agency in Indianapolis, to describe the classic “use-it-or-lose-it” spending spree at the end of a fiscal year.