I am in the hole .

我现在经济拮据。

in the hole 字面上的意思是指在洞里，实际是表示经济拮据，手头非常紧。

Buying this car put me in the hole.

买这辆车使我非常缺钱用。

Ann is very extravagant, she is always in the hole.

Ann非常奢侈，她总是缺钱用。