Allowance/əˈlaʊəns/ Definition 1 of 4Pro Tip 1/3Regular Payment Allowance often refers to money given regularly, not just once. She receives a monthly allowance from her scholarship. Pro Tip 2/3Specific Use The money is usually for specific expenses, like food or books. His allowance covers transportation to school. Pro Tip 3/3Financial Independence Getting an allowance can teach budgeting and financial responsibility. My allowance taught me to manage my weekly budget.