dip into (one's) savings

(redirected from dip into my 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 ?
However, my daughter - the mother of the bride - thinks I should dip into my savings. But I'm only 67 and they're for a rainy day.
"At the moment I am having to do quite a bit of work on my home and am having to dip into my savings. I don't want to have to do that, but I know I have the money there.
"When my Portadown wages stop in a couple of weeks I'll have to dip into my savings to survive.
"I'm having to scrimp on a few things, shop at the discount stores and dip into my savings to keep up with my bills," says Dennis, 90, a former operations director in the distillery industry.