Chore Reward
Turn chore points into a weekly, monthly and annual payout.
About Chore Reward
Weekly points come from the chore count times points per chore, and the cash value is scaled up to monthly and yearly terms. A transparent points-to-cash chart teaches money basics and makes effort and reward directly visible to kids.
Formula
Chore Reward
Points = chores x points each; money = points x value
- points value
- Cash earned for each point earned
Worked example
With the default values below, Chore Reward returns Points per Week of 10. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Chores per weekminimum 0
- 5
- Points per choreminimum 0
- 2
- Value per pointminimum 0 cents
- 25 cents
Results
- Points per Week
- 10
- Weekly Value
- $2.50
- Monthly Value
- $10.83
- Annual Value
- $130.00
Step by step
- 1Values used
- 2Chore Reward
- 3Points per Week= 10
- 4Weekly Value= 2.50
- 5Monthly Value= 10.83
- 6Annual Value= 130.00
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Frequently Asked Questions
How is Chore Reward calculated?
Points = chores x points each; money = points x value Weekly points come from the chore count times points per chore, and the cash value is scaled up to monthly and yearly terms.
Why does Chore Reward matter?
A transparent points-to-cash chart teaches money basics and makes effort and reward directly visible to kids.
What values do I need to enter?
This calculator takes 3 inputs: Chores per week, Points per chore, Value per point. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.