What context can I use each word in?
Learn when and how to use these words with these examples!
budget
Example
I need to create a budget to keep track of my monthly expenses. [budget: noun]
Example
They budgeted their money carefully to save for their vacation. [budgeted: past tense verb]
allowance
Example
My parents give me a weekly allowance for doing chores. [allowance: noun]
Example
She received an allowance from her company to cover travel expenses. [allowance: noun]
Good things to know
Which word is more common?
Budget is a more commonly used term than allowance in everyday language. Budget is widely used in various contexts, such as personal finance, business management, and government planning. On the other hand, allowance is more commonly used in the context of parenting and teaching children about money.
Whatโs the difference in the tone of formality between budget and allowance?
Both budget and allowance can be used in formal and informal contexts. However, budget is generally considered more formal due to its association with financial planning and management in professional settings.
