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Spending or Saving Money

HomeVocabularyIdiomsWork & MoneySpending or Saving Money

12 Words

6m

1.
[tighten] {one's} belt
Phrase

to lessen the amount of money or resources one uses compared to before, particularly due to having less available

During the recession, many families had to tighten their belts and cut back on unnecessary expenses.

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2.
[throw] good money after bad
Phrase

to continue to waste a lot of money on something that is not worth it

I know you've already spent a lot on repairs for that old car, but don't throw good money after bad.It's time to consider getting a new one.

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black hole
3.
black hole
Noun

a place in the space with such high gravity that pulls in everything, even light

Black holes are formed from the remnants of massive stars that have ended their life cycles and collapsed under their own gravity.

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4.
[have] more money than sense
Phrase

to possess a significant amount of wealth but lack good judgment or wisdom in managing it

Despite having multiple cars, he purchased another one just because it was limited edition.Clearly, he has more money than sense.

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5.
[throw] money out (of|) the window
Phrase

to wastefully and recklessly spend money

He felt like he was throwing money out of the window when he realized how much he spent on subscription services he rarely used.

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6.
[spend] money like water
Phrase

to carelessly spend a great sum of money

After winning the lottery, he started spending money like water, buying expensive cars and going on luxurious vacations.

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7.
[play] ducks and drakes with {sth}
Phrase

to use or handle something in a wasteful and careless manner

She played ducks and drakes with her inheritance, squandering it on extravagant purchases.

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nest egg
8.
nest egg
Noun

money that is put aside as savings for the future or special occasions

She saved diligently to build a substantial nest egg for her retirement.

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9.
high roller
Noun

someone that spends money in an extravagant way

Mike lived the life of a high roller, staying at the finest hotels and dining at Michelin-starred restaurants.

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10.
[have] money to burn
Phrase

to have more money than one needs and waste it on unnecessary things

After winning the lottery, he had money to burn and started buying luxury cars and expensive jewelry.

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11.
money pit
Noun

used to refer to something on which one keeps spending more and more money

The ambitious startup turned into a money pit, with investors pouring funds without seeing any profit.

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12.
[scrimp] and [save|scrape]
Phrase

to try to spend as little money as possible

Despite their low income, they managed to scrimp and scrape enough to go on a modest vacation.

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