Live it up
Definition 1 of 1
Pro Tip 1/3Informal Use
The phrase 'live it up' is casual, fitting best in informal conversations or personal narratives. 
They just received their bonuses and are planning to live it up this weekend!
Pro Tip 2/3Positive Vibes
'Live it up' carries a positive and cheerful feeling, suggesting the act of celebrating life joyously. 
You've retired successfully—time to live it up and enjoy your free time!
Pro Tip 3/3Luxury Implication
Using 'live it up' often implies spending money on luxury or indulging in fine experiences. 
On their honeymoon, the couple decided to live it up at a five-star resort.