childallowance

noun
UK /ˈtʃaɪld əˈlaʊəns/
US /ˈtʃaɪld əˈlaʊəns/

Money that parents give their kid each week or month.

She saves half of her childallowance to buy a new bike.


OTHER MEANINGS

2. A regular sum paid to a child for doing household chores.

His childallowance depends on whether he finishes his chores.

3. A government payment made to families to help raise children.

The childallowance helps low-income families cover school costs.

4. An amount set aside in a budget for children's needs.

The charity included a childallowance in its monthly spending plan.