dip into (one's) savings

(redirected from dip into your 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 ?
Get advice from an independent pensions expert about the right time to dip into your savings and the best option for taking your cash.
If you can identify the most common reasons you dip into your savings, you can put money away for these things in advance and avoid being caught out by what seem like unexpected costs.
You're having to dip into your savings and it's tough when you've got a mortgage and bills to pay.
So it would save you money in the long-term to dip into your savings to pay for your kitchen.
If you do have some serious, unexpected mechanical or electrical problems you can dip into your savings to pay for the repairs.
Dip into your savings first rather than borrow, and never borrow more than you can afford.