Suggest a weekly allowance based on the child's age.
A common rule of thumb is one dollar per week for every year of the child's age, so a ten-year-old gets about ten dollars weekly. Families adjust the rate with chores, household norms and what the allowance must cover. A predictable allowance gives children early practice at budgeting, saving and spending decisions inside a low-risk environment.
Kids' Allowance
Weekly allowance = child age x dollars per year of age
Weekly allowance = child age x dollars per year of age A common rule of thumb is one dollar per week for every year of the child's age, so a ten-year-old gets about ten dollars weekly. Families adjust the rate with chores, household norms and what the allowance must cover.
A predictable allowance gives children early practice at budgeting, saving and spending decisions inside a low-risk environment.
This calculator takes 2 inputs: Child age, Dollars per year of age. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.