weekly allowance

Child's periodic payment

A weekly allowance is a fixed sum of money given on a regular basis, typically by parents to children.

The practice teaches basic financial skills—budgeting, saving, delayed gratification: She saved three weeks of her allowance to buy the game.

Adults may also budget personal spending as a weekly allowance: I give myself a weekly allowance for coffee and lunches.

Related

piggy bank · money jar · savings · rainy day fund · coins · cash · parents · birthday money · tooth fairy · payday · budget · spending habits · earnings · treats · candy · toys · Saturday · envelope

Categories
Opposites
payment frequency

weekly allowanceannual salary

Compensation per year

one-time payment · lump sum · quarterly payment · quarterly bonus · one-time gift

payment type/structure

weekly allowancesalary

Fixed periodic employment payment

earned income · performance bonus · wages · commission · hourly pay

payment regularity

weekly allowancewindfall

Unanticipated lucky gain

lump sum · one-time payment · inheritance · lottery winnings

Family

week, weekly, weeks, weekday, weekdays, weekend, weekends, biweekly, midweek

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Positive · Everyday, not technical · Rated G