Not exactly in the money around here (7)
I believe the answer is:
locally
'around here' is the definition.
'not exactly in the money' is the wordplay.
'not exactly' becomes 'ca' (circa).
'in the' means one lot of letters goes inside another.
'money' becomes 'lolly' (I've seen this before**).
'ca' inserted inside 'lolly' is 'LOCALLY'.
(Other definitions for locally that I've seen before include "Nearby" , "Near home" , "In the vicinity" , "In the surrounding area" , "Happening in neighbouring district" .)