A "Daily Allowance" refers to a set amount of money that an individual is given to spend each day. This can be used for various purposes, such as covering meals, transportation, or entertainment. Daily allowances are often provided by parents to children, by employers to employees for work-related expenses, or by organizations to members during events. The concept helps individuals manage their spending and encourages budgeting skills. By having a fixed amount, people can learn to prioritize their needs and make informed choices about how to use their money throughout the day.