dip into (one's) savings

(redirected from dip into his savings)

dip into (one's) savings

To take money from one's savings account in small amounts. When my car broke down, I had to dip into my savings to pay for all of the repairs.
See also: dip, saving

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
References in periodicals archive ?
And he's now had to dip into his savings for the pounds 1,300 it will cost to repair it.
Eventually, the former Edinburgh Royal Infirmary toxicologist decided the only option was to dip into his savings and spend pounds 12,400 on surgery in a private clinic.