Allowance Calculator

Calculate fair allowance and teach money management skills • Last updated: December 2024

Allowance Setup

$1 per year of age per week

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Enter your child's information to calculate allowance

Age Guidelines
Ages 4-5$2/wk

Simple tasks, learn money basics

Ages 6-8$4/wk

Basic chores, saving concepts

Ages 9-11$8/wk

More responsibility, budgeting skills

Ages 12-14$12/wk

Complex tasks, financial planning

Ages 15-17$20/wk

Job-like responsibilities, banking

This calculator helps families determine fair, age-appropriate allowance amounts while establishing systems that teach responsibility, budgeting, and the value of work. Recommendations are based on guidelines from the National Endowment for Financial Education and the American Academy of Pediatrics.

Note: Allowance amounts should be adjusted based on your family's financial situation, local cost of living, and your child's specific responsibilities.