Affordable item at auction inspires women to compromise (3-6)

'affordable' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'item at auction inspires women to compromise' is the wordplay.
'item at auction' becomes 'lot' (lot can mean an item up for sale at an auction).
'inspires' is an insertion indicator (inspire means to breathe in).
'women' becomes 'w' (standard abbreviation).
'to compromise' becomes 'budge' (I've seen this in another clue).
'w'+'budge'='wbudge'
'lot' placed around 'wbudge' is 'LOW-BUDGET'.

Can you help me to learn more?