
der Geldbeutel
wallet
A small container, usually made of leather or fabric, in which you keep cash, cards, and ID documents. Synonyms are purse or billfold.
Ich habe meinen Geldbeutel zu Hause vergessen.
I forgot my wallet at home.
wallet
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wallet
A small container, usually made of leather or fabric, in which you keep cash, cards, and ID documents. Synonyms are purse or billfold.
Ich habe meinen Geldbeutel zu Hause vergessen.
I forgot my wallet at home.

budget
Used figuratively for the financial means or available budget of a person, family, or organization.
Eine Weltreise sprengt leider unseren Geldbeutel.
A trip around the world would unfortunately blow our budget.
'Geldbeutel' (wallet) is a compound noun made up of 'Geld' (money) and 'Beutel' (bag/pouch). So it literally means 'a pouch for money'.
Hast du genug Bargeld in deinem Geldbeutel?
Do you have enough cash in your wallet?
Common verbs used with 'Geldbeutel' (wallet) in its literal meaning include 'den Geldbeutel verlieren' (to lose one's wallet), 'den Geldbeutel zücken' (to pull out one's wallet in order to pay), or 'im Geldbeutel nachsehen' (to check in one's wallet).
An der Kasse zückte er seinen Geldbeutel.
At the checkout, he pulled out his wallet.
You can often recognize the figurative meaning 'Budget' (budget) from verbs like 'schonen' (to spare), 'belasten' (to strain/burden), or 'sprengen' (to exceed/blow). These describe the effect of costs on financial means.
Ein neues Auto würde unseren Geldbeutel zu sehr belasten.
A new car would strain our budget too much.
In the figurative sense, there are fixed expressions such as 'tief in den Geldbeutel greifen müssen' (to have to pay a lot) or 'ein Loch in den Geldbeutel reißen' (to cause unexpectedly high costs).
Für die Reparatur des Daches mussten wir tief in den Geldbeutel greifen.
We had to dig deep into our pockets for the roof repair.
wallet
Geldbeutel and Portemonnaie both refer here to the same small container for money, cards, and IDs. There is no necessary difference between the objects; the choice depends mainly on regional and personal language habits.

Ich habe meinen Geldbeutel mit Bargeld und Karten zu Hause vergessen.
I forgot my wallet with cash and cards at home.
Ich habe mein Portemonnaie mit Bargeld und Karten zu Hause vergessen.
I forgot my wallet with cash and cards at home.