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Out of the Hole

If a person, company or organization pays all of its debts and returns to a debt-free status, he, she or it is out of the hole, i.e. out of debt. Take a look at these sentences to see how the English idiom out of the hole can be used:

Once the city pays back its loan, it will be out of the hole.
They can’t seem to get out of the hole. They always spend more than they earn.
Once we are out of the hole, we won’t have anymore sleepless nights.

Just like you can be
out of the hole, you can also be in the hole, i.e. in debt. Take a look at the headlines I found using in the hole:

24 Years Old, $2 Million in the Hole
-fool.com, September 26 2006, Seth Jayson

$9 Million in the Hole, CV Schools Declare State of Emergency
-castrovalley.patch.com, May 4 2011, Lauren Edwards

What advice would you give people who are
in the hole? How can you save money to help you get out of the hole?


Image: renjith krishnan / FreeDigitalPhotos.net

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