12 Essential English Idioms About Money and Finance

Money influences our daily lives in countless ways, making it a universally relevant topic. It’s no wonder that idioms and expressions related to money have woven themselves into the fabric of the English language, reflecting its significance in our everyday experiences.

In this blog post, we’ll delve into 12 intriguing English money idioms, uncovering their origins and meanings. Whether you’re a non-native speaker eager to enhance your English skills or a native speaker intrigued by the backstories of these expressions, this post has something for everyone. Join us as we journey through the captivating realm of English money idioms!

12 money idioms in English

1. Balance the books

Our first money idiom refers to an accounting process known as “closing the books.” This term describes the practice of finalizing accounts at the end of an accounting period, where the totals of debits and credits are reconciled. This essential step helps determine the profit or loss for that period, providing a clear financial snapshot.

For instance, “Mary is part of the accounting team, and each month she meticulously balances the financial records to ensure everything is accurate.”

2. Bring home the bacon

This English idiom means “to earn enough money in order to take care of one’s family.”

For example: Mary stays home and takes care of the children, and her husband John brings home the bacon.

3. Go Dutch

The phrase “go Dutch” refers to the practice of each person covering their own expenses, typically in a dining setting. Commonly associated with dating, it allows couples to share the costs equally rather than one person footing the bill.

For example: You paid for dinner last Saturday. This time let’s go Dutch, okay?

4. Gravy train

This money idiom highlights a certain type of employment where individuals earn a substantial income with minimal effort. Essentially, it describes someone who enjoys high financial rewards without putting in the hard work typically associated with such earnings.

For example: Lucky Tim! His job is a real gravy train.

5. Nest egg

Many of us either currently have or have previously built a nest egg—this term describes savings set aside for special occasions or retirement. It represents a financial cushion that can provide security and peace of mind for the future.

For example: I’ve been saving money for many years so I’ll have a nice nest egg when I retire.

6. Cook the books

This term refers to an unscrupulous accountant or bookkeeper who manipulates financial records. Essentially, it means to alter or fabricate information in accounting documents.

For example: Steve was fired when the board of directors found out he was cooking the books.

7. Golden handshake

This idiomatic expression refers to a situation where an employee, typically in upper management, is either laid off or opts for early retirement and receives a substantial severance package as a financial cushion.

For example: The MPI Company gave 50 of its employees the golden handshake last week.

8. Cheapskate

This money idiom refers to a person who is tight-fisted and reluctant to part with their cash. It characterizes someone who is not generous and prefers to hold onto their money rather than spend it.

For example: Bill is such a cheapskate!

9. Money doesn’t grow on trees

Parents often remind their children, especially when they’re asking for the latest toys or gadgets, that money doesn’t grow on trees. This phrase highlights the reality that funds are limited, unlike the carefree spending of those “born with a silver spoon in their mouth,” who enjoy a life of financial ease.

“Mom, I really want all these video games! Can you please get them for me?” “Take a breath, Paul. Money doesn’t just appear. We can only afford one, so think carefully about which one you’d like the most.”

10. Money to burn

When a person has excess money beyond their needs, allowing them to purchase unnecessary or indulgent items, it’s often described as having “money to burn.” This phrase captures the idea of wealth that can be spent without concern for practicality or necessity.

For example: Mr. Brown bought a new Ferrari last week. He’s got money to burn.

11. Tighten your belt

This money idiom highlights a contrasting situation to the previous one. When someone is low on funds—having less than necessary for basic living expenses—they must “tighten their belt.” This phrase suggests cutting back on spending and making do with less, including reducing food intake, which metaphorically leads to needing a tighter belt as they lose weight.

For instance, both of us lost our jobs, which means we’ll need to budget carefully until we secure new employment.

12. Live from hand to mouth

The final idiom we’ll explore describes the struggle of “making ends meet,” which refers to earning just enough to cover basic living expenses. This stands in stark contrast to a “rags to riches” story, where someone transforms their life by rising from poverty to achieve wealth and success.

For example: Since the economy took a downturn, we’ve been living hand to mouth.

“The lack of money is the root of all evil.” – Mark Twain

Summary

In summary, money idioms and expressions play a vital role in the English language. Grasping their meanings can significantly enhance our communication skills, making our conversations more engaging and relatable.

In this blog post, we’ve delved into 12 popular money idioms, uncovering their origins and meanings. Expressions like “break the bank” and “tighten your belt” not only enrich our language but also reflect the intriguing history and culture of finance in English-speaking nations. The next time you encounter one of these idioms, you’ll be equipped to impress others with your understanding of its background and significance!

Continue your journey of exploration and learning, and you’ll find that the world of English idioms is full of endless surprises waiting to be uncovered!