What is another word for allowance account?
Pronunciation: [ɐlˈa͡ʊəns ɐkˈa͡ʊnt] (IPA) 
An allowance account is a type of financial account that is used to hold funds that are set aside for specific purposes. There are several different synonyms that can be used to describe an allowance account, including budget account, discretionary spending account, and spending account. Each of these terms refers to a specific type of financial account that is used to manage funds that are earmarked for specific expenses. Ultimately, the specific type of allowance account that is used will depend on the needs and goals of each individual or organization. Whether you are setting aside funds for a specific project, saving for a rainy day, or simply trying to manage your spending more effectively, an allowance account can be a great tool for achieving your financial goals.
