In this English lesson, you’re going to learn phrasal verbs and idioms related to money.
Watch the video and/or read on below to learn more:
Phrasal Verbs about Money List
- Pay off
- Rip off
- Save up (for)
- Pay back
- Cut back on
- Take out a loan
- Get by
- Go up
- Go down
- Chip in
- Cash out
Definitions and Examples
Pay Off: This means to give the money that you have borrowed to the bank so that you don’t own them anything.
- When are we going to pay off this loan?
- Should we just pay it off now?
- We paid off our mortgage last year
Rip off: to charge someone too much money for something
- They ripped us off – don’t trust them
- I hate when I get ripped out when on holiday
Save up (for): to collect money in order to get something in the future
- How much do we need to save up for the downpayment?
- Let’s save up for a rainy day
Pay back: to give money that you borrowed back to someone (usually, a friend)
- Did you ever pay me that $50 back?
- Can I pay you back next week?
- Don’t worry – you don’t need to pay me back
Cut back on: to reduce your expenses
- Let’s cut back on some of those streaming services
- We need to cut back on grocery shopping – we’re spending too much
Take out (a loan): to finalize a loan or to get a loan
- Do we need to take out a new loan?
- You didn’t tell us that when we took out the loan!
Get by: to survive financially – to be able to pay your expenses
- you can’t get by on $100 per week
- We’ll be fine. We’ll easily get by.
Go up and Go down: increase or decrease
- prices have gone up a lot recently
- do you think the price of this is going to down soon?
Chip in: to contribute money to something
- Let’s all chip and get Mark a bottle of whiskey
- Can I chip in $10 for the present?
Cash out: to sell an investment
- I think it’s time we cashed out on that stock
- We shouldn’t have cashed out so soon
Three Idioms Related to Money
Rolling in money: to be really rich
- we’re going to be rolling in money if this keeps going up
- he’s rolling in money now he’s working at that bank
Money is the root of all evil: money causes people to act in a bad way
Right on the money: to be exactly right
- You’re right on the money
- He was right on the money
