Skip to content
ENExplore Calculators

Pocket Money By Age Calculator

Work out pocket money by age instantly with clear inputs, formula shown and shareable results.

About Pocket Money By Age Calculator

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.

Formulas

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

Worked example

With the default values below, Pocket Money By Age Calculator returns Weekly pocket money of $5.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Child's ageaccepts 3–18 years
10 years
Amount per year of age, per weekminimum 0.05
0.5
Share to put into savingsaccepts 0–100 %
20 %

Results

Weekly pocket money
$5.00
Equivalent per month
$21.67
Total per year
$260.00
Into savings over a year
$52.00

Step by step

  1. 1Values used
  2. 2Weekly amount
  3. 3Annual and savings
  4. 4Weekly pocket money= 5.00
  5. 5Equivalent per month= 21.67
  6. 6Total per year= 260.00
  7. 7Into savings over a year= 52.00

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 or fees or charges 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 the Pocket Money By Age figure worked out?

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.

Why does this matter?

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.

What do I need to enter?

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.

Related Calculators

Pocket Money By Age Calculator | Calcrivo