Work out pocket money by age instantly with clear inputs, formula shown and shareable results.
The widely used rule sets weekly pocket money at a fixed amount per year of age, and the savings share is applied to the annual total. Age-linked amounts give an automatic annual rise without renegotiation, and splitting off a savings share is what turns pocket money into a budgeting lesson.
Weekly amount
weekly = age in years x amount per year of age
Annual and savings
yearly = weekly x 52; into savings = yearly x savings share
weekly = age in years x amount per year of age. The widely used rule sets weekly pocket money at a fixed amount per year of age, and the savings share is applied to the annual total.
Age-linked amounts give an automatic annual rise without renegotiation, and splitting off a savings share is what turns pocket money into a budgeting lesson.
Enter child's age, amount per year of age, per week, share to put into savings. The defaults shown are a realistic worked example — swap in your own figures to get a result you can use.