Allowance calculator
Try a few common ways of setting pocket money, see what each comes to by the week, month and year, and split it into jars for saving, spending and giving.
Nothing is collected. There are no accounts and nothing is sent anywhere: what you type here is saved only in this browser’s local storage on this device.
$8.00 a week
8 years × $1.00 a week for each year of age
- Each pay day
- $8.00
- A month, on average
- $34.67
- A year
- $416.00
Save
$0.00
0%
Spend
$0.00
0%
Give
$0.00
0%
Three common ways to set it
There is no right amount; these are approaches families often use, not rules.
- By age: an amount per year of age each week, so it grows on each birthday. One a week for each year of age is a popular starting point; adjust it to what you can afford and what the money is expected to cover.
- Flat amount: simple, and easy to compare with brothers and sisters.
- Base plus chores: everyday helping is expected, while extra jobs (washing the car, weeding) earn more. Put the times per week in, and the calculator adds it up.
Jars, months and goals
The split puts each week’s money into save, spend and give jars. Amounts are worked out in cents, and any odd cent goes to the jar it rounds towards, so the jars always add up to the whole. A month is shown as an average, 52 weeks ÷ 12, because months are not exactly four weeks. For a goal, the calculator divides what is still needed by the save jar’s weekly amount and rounds up to whole weeks.
This is a planning tool for families, not financial advice.
Questions
What should the allowance cover?
Decide that first: treats only, or also things like bus fares, gifts for friends or game add-ons. The more it covers, the bigger it needs to be.
Should pocket money be tied to chores?
Families differ. Some keep everyday helping unpaid and pay only for extra jobs, which is what the base plus chores option models.
Is anything I enter saved or sent?
Your settings are saved only in this browser’s local storage so they are there next time. Nothing is sent anywhere.