Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
fuss-budget is a noun meaning "thinks about unfortunate things that might happen". It carries one recorded sense.
thinks about unfortunate things that might happen
Definitions, synonyms and semantic relations for fuss-budget come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.