<p>What your mother gives you can be called a scholarship - similar to what some governments and organizations provide to students who need financial support. In this case, she is your sponsor. Scholarships might be taxable or not - see the example of the <a href="https://www.ato.gov.au/Calculators-and-tools/Is-my-scholarship-taxable/" rel="nofollow noreferrer">Australian tax office</a>.</p>

<p>If you need to find an accurate name for that cash, that would be up to you (opinion based). As stated in the comments, you can use allowance, family support or any other of the namings mentioned by luchonacho.</p>

<p>Cheers</p>

CC BY-SA 3.0
2017-09-12T08:50:31.207Z
2017-09-12T08:50:31.207Z
JoaoBotelho
<p>If my mother sends me some money every month, is that considered an income?</p>

<p>I usually fill in a sheet to track my expenses and display my savings for every month. For the past few months, I've been living on my mother's generosity to sustain myself while I'm studying. 
I was categorising this as an income but felt it wasn't right. </p>

<p>The question is, What do you call the money you receive from a relative every month for a fixed period of time in exchange for basically nothing but your well being, education etc.? </p>

<p>I intend to share this sheet with students who might be receiving some sort of financial assistance from their relatives. The need for me to come up with a term that rightly describes this transfer of cash is to avoid any sort of confusion while using this sheet.</p>

CC BY-SA 3.0
2017-09-11T07:24:17.253Z
Considered by who? The IRS, the Census Bureau, you...?
Giskard
CC BY-SA 3.0
2017-09-11T07:41:49.863Z
For my mother it could be an investment. But for me could it be an income? For the IRS would it be a gift?
dhaliman
CC BY-SA 3.0
2017-09-11T07:46:17.057Z
`Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.` This is the definition that I'm going with. Got it from wikipedia.
dhaliman
CC BY-SA 3.0
2017-09-11T07:53:11.247Z
If I go with this definition `income is the sum of all the wages, salaries, profits, interests payments, rents, and other forms of earnings received... in a given period of time.` I don't think money from my mother would be considered as income but as a gift. Since, that's not the money I've earned.
dhaliman
CC BY-SA 3.0
2017-09-11T07:55:50.387Z
Let us [continue this discussion in chat](http://chat.stackexchange.com/rooms/65403/discussion-between-dhaliman-and-user42582).
dhaliman
CC BY-SA 3.0
2017-09-11T08:02:28.853Z
how about stipend? https://en.wikipedia.org/wiki/Stipend
dhaliman
CC BY-SA 3.0
2017-09-11T08:23:05.883Z
What is the purpose of this question? What kind of answer will satisfy you? Please add more details to the question. At the moment its too general and imprecise. Denesp's comment is very pertinent.
luchonacho
CC BY-SA 3.0
2017-09-11T08:49:00.803Z
I feel this is now **primarily opinion based**. The answer could be income, cash transfer, remittance, stipend, scholarship, allowance, pocket money, gift, defaulted loan, aid, commission, endowment, pay, honorarium, annuity, allotment, ration, salary, stint, bequest, allocation, fellowship, contribution, ...
luchonacho
<money>
Is money received from my mother every month an income?
dhaliman
# Is money received from my mother every month an income?

(Asked by: username_0 on 2017-09-11)

If my mother sends me some money every month, is that considered an income?

I usually fill in a sheet to track my expenses and display my savings for every month. For the past few months, I've been living on my mother's generosity to sustain myself while I'm studying.
I was categorising this as an income but felt it wasn't right.

The question is, What do you call the money you receive from a relative every month for a fixed period of time in exchange for basically nothing but your well being, education etc.?

I intend to share this sheet with students who might be receiving some sort of financial assistance from their relatives. The need for me to come up with a term that rightly describes this transfer of cash is to avoid any sort of confusion while using this sheet.

**Tags:** money

> **Comments:**
> **username_1**: Considered by who? The IRS, the Census Bureau, you...?  
> **username_0**: For my mother it could be an investment. But for me could it be an income? For the IRS would it be a gift?  
> **username_0**: `Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.` This is the definition that I'm going with. Got it from wikipedia.  
> **username_0**: If I go with this definition `income is the sum of all the wages, salaries, profits, interests payments, rents, and other forms of earnings received... in a given period of time.` I don't think money from my mother would be considered as income but as a gift. Since, that's not the money I've earned.  
> **username_0**: Let us [continue this discussion in chat](http://chat.stackexchange.com/rooms/65403/discussion-between-username_0-and-user42582).  
> **username_0**: how about stipend? https://en.wikipedia.org/wiki/Stipend  
> **username_2**: What is the purpose of this question? What kind of answer will satisfy you? Please add more details to the question. At the moment its too general and imprecise. Denesp's comment is very pertinent.  
> **username_2**: I feel this is now **primarily opinion based**. The answer could be income, cash transfer, remittance, stipend, scholarship, allowance, pocket money, gift, defaulted loan, aid, commission, endowment, pay, honorarium, annuity, allotment, ration, salary, stint, bequest, allocation, fellowship, contribution, ...  

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## 1 answers

### Answer by username_3 on 2017-09-12. Score: 0

What your mother gives you can be called a scholarship - similar to what some governments and organizations provide to students who need financial support. In this case, she is your sponsor. Scholarships might be taxable or not - see the example of the [Australian tax office](https://www.ato.gov.au/Calculators-and-tools/Is-my-scholarship-taxable/).

If you need to find an accurate name for that cash, that would be up to you (opinion based). As stated in the comments, you can use allowance, family support or any other of the namings mentioned by username_2.

Cheers


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