Allowance Calculator by Age
There is no single right amount of allowance. This calculator helps you choose one that fits your budget and your goals: enter your child's age, a base amount and any paid extra jobs, and see a weekly total split into spend, save and share.
Allowance calculator
A common starting point
Some families use a simple rule such as $1 per year of age per week (so $8 a week for an 8-year-old), then adjust up or down. It is just a starting point: what you expect the allowance to cover matters more than the number.
Decide what it pays for
An allowance teaches more when it has a job. Will it cover treats only? Toys and games? Later, clothes or outings? Write down what the money is for so your child knows when to save.
Spend, save, share
Splitting money into jars or envelopes makes saving visible. A split like 50% spend, 40% save, 10% share is one option; the calculator lets you set your own. Pair it with a chore chart if you link money to jobs.
Frequently asked questions
How much allowance should a child get?
It depends on your budget and what the allowance covers. A common starting point is $1 per year of age per week, adjusted to suit your family.
What age should kids start getting allowance?
Many families start around ages 5 to 7, once children can count money and understand that things cost something.
Should allowance be tied to chores?
Families do it both ways. One popular approach is a base allowance plus paid extra jobs beyond everyday chores.