Definition, Meaning & Synonyms

monthly-allowance

noun

/ˈmʌnθli əˈlaʊəns/

Definition

A sum of money that is given or allocated each month, typically for personal expenditures or specific purposes.

Examples

My parents give me a monthly allowance to help manage my expenses while I’m at college.
The monthly allowance was sufficient for her to enjoy outings with friends.
He saved part of his monthly allowance for a new bicycle.

Meaning

Monthly allowance refers to the financial support provided to an individual or a dependent on a monthly basis, intended to cover expenses or to encourage saving and budgeting.