Spending Money -

lay out - to spend money. especially a large amount

splash out - to spend a lot of money on something you don't need, but is very pleasant

run up - to create a large debt

fork out, fork over - to pay for something, usually something you would rather not have to pay for.

shell out - to pay for something, usually something you would rather not have to pay for.

cough up - to provide money for something you do not want to

Having Just Enough Money -

get by - to have just enough money for your needs

scrape by - to manage to live on very little money

Helping Someone with Money -

bail out - to help a person or organization out of a difficult situation

tide over - to help someone with money for a period of time until they have enough

Paying Debts -

pay back - to return money owed to someone

pay off - to finish paying all money that is owed

Saving Money -

save up - to keep money for a large expense in the future

put aside - to save money for a specific purpose

Using Saved Money -

dip into - to spend part of your saved money

break into - to start to use money that you have saved

Here is a practice dialogue using some of the above vocabulary.

Well, last week I finally dipped into that money that I had been putting aside for the past year and a half. I decided that I should really enjoy myself so I splashed out and had a great meal at Andy's. Next, I went to Macys on Saturday and laid out $400 for that suit I'd told you about. Of course, I used a great deal of what I had saved up to pay back that bill I had run up on my Visa card. It feels great to finally have some money after all those years of scraping by. Thanks again for tiding me over during that long winter of '05. I don't think I would have got by without your bailing me out.Unfortunately, I also had to cough up about $250 in insurance costs. Oh well, I guess shelling out the cash for those things is just as necessary as anything else...