pocket money

noun
money for small, current expenses.

Origin:
1625–35

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
pocket money
 
n
1.  (Brit) a small weekly sum of money given to children by parents as an allowance
2.  money for day-to-day spending, incidental expenses, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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American Heritage
Idioms & Phrases

pocket money

Also, spending money. Cash for incidental or minor expenses, as in They don't believe in giving the children pocket money without asking them to do chores, or Can I borrow a dollar? I'm out of all my spending money. The first term, dating from the early 1600s, alludes to keeping small sums in one's pocket; the second alludes to money that may be spent (as opposed to saved) and dates from the late 1500s.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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Example sentences
He was running short of food, with not even enough pocket money to buy local
  bananas.
My kids now look through these each time they have pocket money to spend.
Not pocket money, but the sort of success-to-cash ratio that is certainly to be
  attracting the military.
They were buying the cheap-o players that cost pocket money.
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