Birding!

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Nah sounds like you Yanks are to lazy to say Budgerigar! Never even heard the word before here.
And that's not how they're meant to look.
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Yes, we peasant Americans are too lazy to say "Budgerigar." LOL. The picture I showed you is a domesticated breed, as are all budgies in America. We also have the green and yellow "natural" looking ones, but half of the budgie looks are blue and white (or some form of that).
 
Even we have tropical parakeets in miserable blighty. They've been around for a long long time, mainly down south. But as time's gone by you can now see them nationwide.

It's quite a shock actually when you see them. Most of our birds are pretty drab, and then all of a sudden you get a glimpse of a bright green bird, lol.

They don't seem to mind our crap weather, definitely bird brained, lol.

 
Is budgie not just that particular species, while there are many other parakeets out there?

Budgies and parakeets are the same bird. I believe "parakeet" is the term that the Americans adopted for them, elsewhere they're referred to as budgerigars, or budgies for short.
 
They survive the cold or do they migrate to warmer area's.

Although tropical looking, and generally associated with warmer climates, parakeets aren't exactly what you'd call a tropical bird. They originate from the low lying slopes of the Himalayas where I'm guessing it can get a bit nippy!
 
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