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Calcimator

Kid's Allowance Calculator

Age-appropriate weekly allowance with save/give/spend distribution based on household income.

Inputs

%
%

Results

Weekly allowance ($)

$5.14

Monthly allowance ($)$22.26
Weekly spending ($)$3.08
Weekly saving ($)$1.54
Weekly giving ($)$0.51
Savings after 5 years ($)$442.00
Annual Allowance267.28
How to Use This Calculator
  1. Enter your child's current age — the calculator uses age-based benchmarks to suggest an appropriate allowance.
  2. Set the saving percentage (a common rule is 30% save, 60% spend, 10% give).
  3. Set the giving percentage to teach charitable habits.
  4. Enter your household income to scale the allowance recommendation.
  5. Choose whether the allowance is age-based or chore-based (chore-based adds a 20% incentive).
  6. Review the weekly and monthly allowance amounts and the projected savings after 5 years.

How the result changes with Child's age

Child's ageWeekly allowance ($)
4.5$3.21
8.25$5.14
13$8.36
17$10.93

What each input means

Child's age
Child's current age (3-18).
Saving percentage (%)
Percentage allocated to savings jar.
Giving percentage (%)
Percentage allocated to charity/giving.
Household income ($)
Annual household income to scale allowance.
Allowance type
Whether allowance is tied to completing chores.

What each result means

Weekly allowance ($)
Recommended weekly amount.
Monthly allowance ($)
Monthly equivalent.
Weekly spending ($)
Amount for free spending.
Weekly saving ($)
Amount going to savings.
Weekly giving ($)
Amount for charity/giving.
Savings after 5 years ($)
Projected savings with 5% interest over 5 years.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Child's age = 8, Saving percentage (%) = 30, Giving percentage (%) = 10, Household income ($) = 60000 = 5 input(s) provided
  2. Calculate Weekly allowance
    Weekly allowance
    5.14 = $5.14
  3. Calculate Monthly allowance
    Monthly allowance
    22.26 = $22.26
  4. Calculate Weekly spending
    Weekly spending
    3.08 = $3.08

Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.

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