Allowance

An Allowance is a sum of money given regularly for a specific purpose. It can be a payment for services, a contribution to a particular expense, or a regular stipend, particularly for children or dependents. Allowances are often designed to help manage finances, establish budgets, and cover costs like food, clothing, transportation, or entertainment. It can represent an official concession or deduction of taxes or other payments. Allowances are typically a fixed amount paid out on a scheduled basis, although this can vary depending on the agreement.

Allowance meaning with examples

• 1. My parents gave me a weekly Allowance of $20 when I was a teenager, which I used to buy video games and snacks. It helped me learn how to budget and prioritize spending. Having a set Allowance allowed me to manage my finances early on, without the worry of asking for money whenever I needed it.
• 2. The company provides a generous travel Allowance to cover all expenses for business trips. This included flights, hotels, and meals, freeing employees from personal costs and concerns. This Allowance ensures that employees can focus on their work during their travels and are not burdened by financial constraints.
• 3. The government offers a tax Allowance for those with dependent children to reduce their tax burden. This financial support helps families cover the costs of childcare and other expenses. This Allowance acknowledges the significant financial responsibility that parents have.
• 4. After getting a divorce, the court ordered a spousal support Allowance to help my ex-wife maintain her living standards for a certain time. This provision ensures some financial stability after the transition and allows her to make financial plans.
• 5. The charity provided a small Allowance for the refugees to purchase essential items and improve living conditions at the camp. This provides them with crucial support and is used to purchase basic necessities during the period that they have not found permanent jobs or places to live.