Kid's Allowance Calculator
Age-appropriate weekly allowance with save/give/spend distribution based on household income.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
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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
Annual Allowance267.28
How to Use This Calculator
- Enter your child's current age — the calculator uses age-based benchmarks to suggest an appropriate allowance.
- Set the saving percentage (a common rule is 30% save, 60% spend, 10% give).
- Set the giving percentage to teach charitable habits.
- Enter your household income to scale the allowance recommendation.
- Choose whether the allowance is age-based or chore-based (chore-based adds a 20% incentive).
- Review the weekly and monthly allowance amounts and the projected savings after 5 years.
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