Elevator Budget

What does Elevator Budget mean?

A big pile of money to spend

When you hear someone say they have an ‘elevator budget’, they’re talking about having a lot of money to spend. This could be on anything, like buying or renting swanky apartments, driving fancy cars, or dressing in high-end fashion.

Imagine your buddy, Jack, excited about a flashy night out, saying, “We’re in for a treat tonight! Jack’s got an elevator budget!” This means Jack is ready to spend some serious cash.

The term ‘elevator budget’ originates from the pricey real estate market on Manhattan Island in New York City. Here, if you can afford an apartment with an elevator, it means you’ve got a pretty hefty budget. The idea is, if you have an elevator in your building, you’re likely doing better financially than those in walk-ups.

So, the next time you hear someone mention they have an ‘elevator budget’, you’ll know they’re not talking about elevators. They’re talking about having a lot of money to spend on the nicer things in life.

Example for using ‘Elevator Budget’ in a conversation

Friend: Hey, I found this amazing penthouse apartment for rent! πŸ’πŸ’°

You: Woah, really? How much is the rent? πŸ€”

Friend: It’s a bit pricey, but worth it. The elevator budget is real! πŸ˜ŽπŸ’Έ

You: Haha, living large, huh? πŸ™ŒπŸ’΅