Free tool
Allowance planner
Work out a weekly allowance, split it into spend, save and give, and see how long a savings goal will take. Change any number; nothing is stored.
Weekly allowance
$6.00
$3.00Spend
$2.40Save
$0.60Give
- Per year
- $312.00
- Weeks to goal
- 10
The per-year-of-age rule is just a common starting point. The right amount depends on your budget and on what the allowance has to cover.
Making the allowance work
- Same day, every week. Consistency teaches more than the amount does.
- Decide what it covers. Treats and toys? Some clothes? Write it down.
- Let small mistakes happen. A disappointing purchase at age 7 is a cheap lesson.
- Review it on birthdays. Raise the amount and the responsibilities together.
More: Allowance basics and the three-jar system.