Allowance Calculator
Age-appropriate allowance with chore chart and savings tracker
Recommended Weekly Allowance
Money Management Tips
- 50/30/20 rule for kids: 50% spend, 30% save, 20% give
- Ages 3-5: Use clear jars so they can see money grow
- Ages 6-9: Introduce a simple savings account
- Ages 10-13: Let them make purchase decisions and learn from mistakes
- Ages 14-18: Consider a debit card with parental controls
- Pay consistently on the same day each week
- Don't dock pay for behavior; keep allowance and discipline separate