idiom · neutral
dip into savings
UK/dɪp ˈɪn.tuː ˈseɪ.vɪŋz/US/dɪp ˈɪn.tu ˈseɪ.vɪŋz/DIP into SAV·ings
to use some of the money that you have saved
Examples
“When their washing machine broke, they had to dip into savings to pay for a new one.”
“I didn’t want to dip into my savings, but it was an emergency.”
“Many families dip into savings to cover unexpected medical bills.”
Band 8 sentence
“Faced with unexpected repairs, many households reluctantly dip into savings rather than take out loans.”
Collocations
- dip into savings to pay for repairs
- dip into your savings
Word family
Common mistakes
dip into the saving→dip into savings
to dip my savings into→to dip into my savings
Say it for a higher band
5use savings→6use one's savings→7+dip into savings
Synonyms
use one's savings
Easily confused
use one's savings
“We had to use our savings to cover the tuition fees.”
Related words
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