Meaning & use

money pits

noun·Everyday

Last updated

UK/ˈmʌni pɪts/
US/ˈmʌni pɪts/

“money pits” is a form of “money pit”.

Meaning

  1. nouncountableinformal

    Things that keep using up large amounts of money without giving much value back.

    Grammar: Countable noun; the singular is 'a money pit'. Usually used in the plural when talking about more than one.

    Patterns

    • be a money pit
    • turn into a money pit
    • call something a money pit

    That old boat is a money pit — we spend more on repairs than we paid for it.

    Their new house turned into a money pit after the roof started leaking.

    He warned me that classic cars can be money pits if you don't maintain them.

Word forms

singularmoney pit

Common combinations

a real money pit
The restaurant became a real money pit after the first year.
turn into a money pit
The garden project turned into a money pit when they added a pond.
nothing but a money pit
The old factory was nothing but a money pit for the owners.

Synonyms and how they differ

financial drain
More neutral and slightly formal; it means something that uses up money, but it does not suggest the thing is useless or a bad investment.
white elephant
Describes a big, expensive project or object that is useless or hard to sell; a money pit focuses on ongoing repair costs rather than uselessness.

Opposites

money-makercash cow

Word family

money noun
Coins, notes, and bank balances used to buy things.
pit noun
A large hole in the ground; here used figuratively for something that swallows money.

Commonly confused: money pits or money pit?

money pits vs money pit

This is just the singular form of the same expression; use 'a money pit' for one thing and 'money pits' for several.

Practice

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