Meaning of the word "spend money like water" in English

What does "spend money like water" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

spend money like water

US /spɛnd ˈmʌni laɪk ˈwɔtər/
UK /spɛnd ˈmʌni laɪk ˈwɔtər/
"spend money like water" picture

Idiom

1.

to spend a lot of money carelessly or extravagantly

Example:
After winning the lottery, he started to spend money like water.
If you spend money like water, you'll soon run out of savings.
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