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▪ Meaning: Is an informal way to say to spend a lot of money on something that you don’t want to
spend money on.
Rip off
▪ Meaning: Charge too much for something, for something to be overpriced. This can also be used
as a noun – to say something is a rip off.
▪ Example: £100 for that t-shirt?! You’re ripping me off! (Or that t-shirt is a rip off.)
Save up
▪ Meaning: To not spend money, to put it away somewhere for the future, maybe you have
something in mind you want to buy.
▪ Example: My parents are saving up to go on a cruise. I’m saving up to buy a new phone.
Pay off
▪ Meaning: To repay a debt, to finish paying off a debt or money that you owe someone.
▪ Example: Last month I finally paid off my mortgage. (A mortgage is a loan you get from the bank
to help you buy a house.)
Pay back
▪ Meaning: To repay, or to give back money that someone gave you, or lent you.
▪ Example: Please can I borrow £20? I’ll pay you back next week.
▪ Meaning: Buy something expensive, usually something that is not really necessary. You don’t
need it, you just want it!
▪ Example: I ran up a lot of debt on credit cards, I don’t know what to do!
Put aside (S)
Meaning: Similar to save up, it means to not spend money, to keep it for the future.
▪ Meaning: Means to suddenly receive money, often through inheritance. If someone in your
family dies and they leave you money.
To tide over: To help a person or an institution with money for a limited time only.
I will lend you £50 to tide you over until your next pay day.
Squirrel away