Welcome everyone to a new lesson. I am Niharika and in today’s lesson we are gonna look
at phrasal verbs about money. Well, as I said that we all love to talk about money, be it
the beginning of the month or at the end of the month. We all talk about money. So in
today’s lesson, we are gonna look at some phrasal verbs that would help you to talk
about money, whether it’s about having money, giving money, spending money. Well, it’s
a great opportunity to look at these phrasal verbs here.
So let’s get started, the very first phrasal verb, we have here is,
Save up. Now to save up it means, to keep money
or to save money for a large expense. Now
especially when we have to buy something really nice and its sure super expensive and we tend
to save money for it. Like I have this dream car that I really want to buy for myself,
so I’m trying to save up for that, so all of you there, I’m sure even you have some
large expenses that keep coming up and in order to fulfill that goal or to achieve that
you end up keeping money or saving money for it. So the best phrasal verb that you can
use to do so is save up, for example, let’s look at a sentence, I am trying to save up
for the big house. So it means I really want to buy a big house for myself, so I’m trying
to save up for it. So that’s how you can use this phrasal verb. Now let’s have a
look at another one here, which is Cough up. Cough. Well, that’s not what I’m talking
about, cough up, well here when we talk about money. The exact meaning of this phrasal verb
is to spend reluctantly. You know at times you end up spending on something that you
really don’t want to, kind of pinches your pocket to do so. So it means that you cough
up money. For example, last month my car broke down and in order to fix my car, I had to
cough up a lot of money. That’s an expense that I was not expecting and to get my car
fixed, I had to spend a lot of money. So that kind of pinched my pocket. I had to spend
reluctantly, so here I will use this phrasal verb, I had to cough up a lot of money to
get my car fixed. It means I had to spend reluctantly on it. So use this phrasal verb,
it’s simple and it sounds great. Let’s have a look at third phrasal verb, which is
cut back. Now there’s another phrasal verb pretty similar to it, which is cut down. So
it’s cut back and cut down. And what does it really mean? Well, to spend less, so to
spend less money. I really need to cut back on my shopping expenses. Yes I love shopping,
I love buying clothes, I love buying shoes, I love buying accessories. But I am spending
too much of money on these things. So I really need to cut back on my shopping expenses.
Which means I need to spend less money on these things. So even if you end up spending
a lot of money and now it’s time to cut back, then use this phrasal verb that you
need to cut back on your expenses or you need to cut down on your expenses. Both of the
phrasal verbs mean the same and use it when you are trying to spend or you really want
to spend less money. Let’s have a look at another phrasal verb, which is to Fork out.
Have you heard that before? Well, fork out is pretty similar to the phrasal verb that
we learnt here, which is, to cough up. Fork out is again to spend reluctantly, so it’s
just the same as cough up. Again when you end up spending a lot of money and you really
don’t wanna do that, so it means you fork out that money. So again for example, I had
to buy a laptop for work and it was not really required, but then I had to and I had to spend
a lot of money. So I had to fork out a lot of money in order to buy this laptop, so it
means that yes I spent a lot of money and that too reluctantly. It did pinch my pocket
to do so; hence I’m using this phrasal verb. Let’s have a look at another one which is,
Splash out. What does it mean? To splash out it means to spend freely and lavishly on something
really nice. So last weekend I went to the mall and I absolutely loved this dress and
therefore I splashed out a lot of money to buy this dress, so this dress was so gorgeous
that I had to buy it for myself. It was super expensive also, but then I didn’t really
care. I splashed out a lot of money to buy it, because I totally loved it. So if you
end up spending a lot of money, you literally splash out money to buy something, which you
really wanted to or which is something nice. You splash out money. So that’s how you
will use this phrasal verb. It means to spend lavishly on something really nice or on something
that you really needed. And then the next one that I have for you is, Pay off. Pay off
it means to give money or to pay back or to repay on the debt. So you know we take loans,
like we have personal loans, we have education loans or our credit card bills. It turns out
to be expensive, so when you are trying to repay a loan or pay your credit card bills.
That’s when you end up using this phrasal verb. For example, I need to pay off my credit
card bills as soon as possible or else, I’ll have to pay a lot of interest. So here you
have to repay it right? For example, if you have taken up a loan and now it’s time to
repay that debt, then that’s when you will use this phrasal verb, I need to pay off my
education loan. So that’s how you will use this phrasal verb. And now it’s time for
the last phrasal verb, which is Rip off. So what does it mean? Well have you heard about
this? This car was a total rip off. So rip off actually means that you ended up spending
a lot of money on something that was not really worth, to spend too much on something that’s
not at all worth it. So it means it’s a total rip off. Now rip off has another meaning,
which is to get cheated. For example, you walk into a store and you’re trying to buy
something for yourself, for example, you really like the ring that you wanna pick up and salesman
ends up quoting the price for the ring and you think that, well the ring is not so expensive.
It doesn’t look so expensive, so why has he quoted such a big price for it? So it means
that he is trying to cheat you, so he’s trying to rip you off. So that’s how you
can use the phrasal verb, when someone is trying to cheat you. It means he’s trying
to rip you off and the another way that you can use this phrasal verb is when you end
up spending too much of money on something which is not even worth it. Like I said, I
ended up buying a car for myself and it was a total rip off. So I ended up spending too
much of money to buy this car, but now I feel it’s just basic car. It’s nothing interesting
about it; it’s just a basic car. So that’s how you can use these seven phrasal verbs
in order to talk about money. So hope you enjoyed this lesson and please go ahead and
practice these phrasal verbs. So it would be helpful and you would be able to speak
fluently. I’ll be back with a new lesson. Till then you take care.