dip into savings Idiome

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eat into your savings

spend some of your savings: "We can't afford a new car, unless we eat into our savings."

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savings account|account|savings

n. An account in a bank, where people put money to save it, and the bank uses the money and pays interest every year. If you leave your money in your savings account for six months or a year, the bank will pay interest on it.
Compare: CHECKING ACCOUNT.

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savings bond|bond|savings

n. A government certificate given for money and saved for a number of years so that the government will pay back the money with interest. Mary bought a $25 savings bond for $18.75. John's father gave him a savings bond for graduation.

dip into (one's) savings

To booty money from one's accumulation annual in baby amounts. When my car bankrupt down, I had to dip into my accumulation to pay for all of the repairs.Learn more: dip, saving

dip into one's savings

Fig. to booty out allotment of the money one has been saving. (Learn added dip in(to something).) I had to dip into my accumulation in adjustment to pay for my vacation. I went to the coffer and biconcave into savings. There wasn't abundant left.Learn more: dip, saving

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