What context can I use each word in?
Learn when and how to use these words with these examples!
allowance
Example
My parents give me a weekly allowance of $20. [allowance: noun]
Example
The company provides an allowance for travel expenses. [allowance: noun]
Example
I'll make an allowance for your mistake this time. [allowance: verb]
payment
Example
I made a payment for my online purchase using my credit card. [payment: noun]
Example
The landlord requires a monthly payment of rent. [payment: noun]
Example
He agreed to make payments on his loan until it was paid off. [payments: noun]
Good things to know
Which word is more common?
Payment is more commonly used than allowance in everyday language, as it covers a wider range of financial transactions and obligations. Allowance is more specific and often associated with children or personal expenses.
What’s the difference in the tone of formality between allowance and payment?
Payment is more formal than allowance, as it is often used in legal or business contexts. Allowance is more informal and often used in family or personal settings.
