Meaning of the word "burn a hole in someone's pocket" in English

What does "burn a hole in someone's pocket" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

burn a hole in someone's pocket

US /bɜrn ə hoʊl ɪn ˈsʌm.wʌnz ˈpɑː.kɪt/
UK /bɜːn ə həʊl ɪn ˈsʌm.wʌnz ˈpɒk.ɪt/
"burn a hole in someone's pocket" picture

Idiom

if money is burning a hole in your pocket, you want to spend it as soon as you can

Example:
That bonus is burning a hole in my pocket; I need to buy something nice.
He got his paycheck, and it was burning a hole in his pocket until he spent it all on gadgets.