dip into 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 (to something)">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