Cut back Definition 1 of 3Pro Tip 1/3Financial Context Often used when discussing budgets or money-related planning, indicating fiscal responsibility. We need to cut back on our marketing budget now. Pro Tip 2/3Negative Connotation May imply hardship or the need for sacrifice, such as giving up something desired. Due to high costs, we must cut back on our weekly outings. Pro Tip 3/3Personal Use Commonly used in personal contexts to indicate reducing unhealthy habits or spending. I'm going to cut back on sweets to improve my diet.