dip into (one's) savings

(redirected from dip into our 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 ?
Then we'll have to dip into our savings account for the other 4.
It's often tempting to dip into our savings account to pay for a winter getaway or to rely on it to fund emergencies, however if we raid too often we'll end up with no savings.
Everyone is worried about fuel prices and we now have to dip into our savings to keep up with the bills.
But we only get a pounds 2 or pounds 3 rise in our pensions every year, so we have to dip into our savings, which are gradually being eaten away,' he said.
WE are three times more likely to dip into our savings to buy treats than to pay for essentials.