Meaning of the word "have money to burn" in English

What does "have money to burn" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

have money to burn

US /hæv ˈmʌn.i tu bɜrn/
UK /hæv ˈmʌn.i tu bɜːn/
"have money to burn" picture

Idiom

to have a lot of money that you can spend on anything you want

Example:
He must have money to burn, considering he just bought a new sports car and a yacht.
Only people who have money to burn can afford such an extravagant vacation.