A budget item is an item that is included in a budget, which is a plan for how money will be spent. EXPENSE is a seven letter budget item that refers to money spent on goods or services. RENT is a four letter budget item that refers to money paid for the use of a property. RENTAL is a six letter budget item that is similar to RENT, but usually refers to a short-term agreement. CAR is a three letter budget item that refers to a vehicle. Rentacar is an eight letter budget item that refers to a company that rents cars.