Family & Kids
Kids Allowance Calculator
Suggested weekly allowance based on age and chores.
A common rule of thumb is $1 per year of age per week. Adjust for chores completed and savings expectations to find a fair number.
Suggested Allowance
$12.50/week
- spend
- $9.38 to spend
- save
- $3.13 to save
- annual
- $650/year
Formula and method
Allowance = Age + (Chores × $0.50)
Rule-of-thumb: $1 per year of age. Adds small chore bonus. Savings split teaches money habits.
Worked examples
10-year-old
- Child's Age:
- 10
- Chores Completed/Week:
- 5
- Savings Expectation %:
- 25
Suggested Allowance: $12.50/week
Assumptions and limits
- Canadian/US dollar
- Typical chore set
This tool provides an educational estimate. Rules, rates and personal circumstances can change the answer. Review the assumptions before relying on a result. Report a correction.
Common mistakes to avoid
- Tying ALL allowance to chores; some experts say baseline allowance teaches budgeting independent of work.
Frequently asked questions
When to start?
Around age 5-6 with simple amounts.
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