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dip into savings

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dip into one's savings
Fig. to take out part of the money one has been saving. (See also dip in(to something).) I had to dip into my savings in order to pay for my vacation. I went to the bank and dipped into savings. There wasn't much left.
See also: dip, saving


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If you have a higher income, maybe you have six to 12 months, that's when it may be a good idea [to dip into savings to pay down debt].
This is essential, and it will eliminate the temptation to dip into savings, or the using of your credit card.
“Nobody likes to have to dip into savings, but there’s a time to dip into savings,” Crist said.
 
 
 
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