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Discover Ludwig"spend down" is correct and can be used in written English.
It means to gradually deplete or use up a certain amount of money or resources. Example: "I need to spend down my savings in order to afford the down payment on a new house." OR "The company had to spend down its budget for the year on unexpected expenses."
Exact(52)
But I don't know how to spend down.
A good strategy for maximizing eligibility for financial aid is to spend down college savings first.
It has given me some extra time to spend down here.
Middle-class patients must first "spend down" most of their assets.
Consumers load funds onto the card and then spend down the balance by making purchases and paying bills.
One daughter wanted ownership transferred to her so the mother could spend down her assets and be eligible for Medicaid.
Similar(8)
Her only hope of qualifying for comprehensive Medicaid is to be placed on a "spend-down".
Vander Ark: Which is why many newer donors are opting for a quicker spend-down.
As millions of baby boomers retire, she says, they will segue from their accumulation years into their spend-down years.
Low levels of wealth accumulation before age 65, rather than gaps in the safety net after 65 or rapid spend-down of accumulated assets, appear to be the primary determinant of low levels of wealth just before death.
Advocates for the poor say the frenzy for the spend-down program is a reminder of the acute need for health coverage everywhere.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com