Household money / Children
Allowance Calculator: Pocket Money by Age, with Spend, Save, and Give
Decide a child's allowance: use the one-per-year-of-age rule of thumb or your own rate, add money for chores, split it into spend, save, and give jars, and see the monthly and yearly totals and how many weeks a savings goal will take.
Allowance Calculator: Pocket Money by Age, with Spend, Save, and Give: With 1 per year of age, an 8-year-old gets 8 a week; split 50, 40, and 10% that is 4 to spend, 3.20 to save, and 0.80 to give. Saving 3.20 a week reaches a goal of 60 in 19 weeks, about 4.4 months. Runs 100% locally in your browser with zero server file uploads.
- Category
- Home & family tools
- Runs
- In your browser
- Cost
- Free · no sign-up
- Availability
- Ready to use
Runs entirely in your browser
A common rule of thumb is one unit of money per week for each year of age, so 8 a week at age 8; adjust it to what you can afford and what the allowance has to cover. Splitting it into spend, save, and give jars teaches budgeting, and a savings goal shows how waiting pays off.
Saving more
Some parents match what the child saves, like an employer pension match, to make saving more attractive.
Bigger goals
For longer-term savings, try the savings goal calculator.
How to use it
- Enter the child's age and the amount per year of age.
- Add chores money and set the jar percentages.
- Enter a savings goal to see how many weeks it takes.
Privacy & limitations
Everything is calculated in your browser.
Related tools
Frequently asked questions
How much allowance should a child get?
There is no standard; the age rule is a starting point, and the right amount depends on what the money must cover and on your budget.
Should allowance be tied to chores?
Families differ: some pay for chores, others give a base amount for learning to budget and pay extra for bigger jobs.
Why split it into jars?
Separate jars make saving and giving visible, and teach that money can do more than one job.
Free tool · runs in your browser · no account required