🐷 Allowance & savings

Figure out how long until the big goal — and split every dollar into three jars.

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🎯 How long until I can buy it?

What are you saving for?

Price ($)I already have ($)I save each week ($)

12 more weeks

Around February 2, 2027

🫙 Three jars

Every time money comes in, some goes to spend now, some to save and some to give. Your family decides the split. Here’s an example:

Spend

50% = $2.50 a week

Save

40% = $2 a week

Give

10% = $0.50 a week

My savings tracker

I’m saving for: ______________________

It costs $60 · each coin = $5

$10

$15

$20

$25

$30

$35

$40

$45

$50

$55

$60

Color in a coin every time you put money in your piggy bank — until you get there!

An allowance is one of the best ways to teach kids about money: waiting, comparing prices and choosing. There is no “right” amount; every family decides based on what they can afford, the child’s age and what the child is expected to pay for. It matters more that the amount is regular and paid on the same day.

The calculator helps a child see that the dream is reachable: how many more weeks of saving, and roughly on what date. The three jars (spend, save, give) turn a vague idea into a habit, and the printable tracker makes progress visible: color in a coin with every deposit.

Questions and answers

How much allowance should a child get?

There is no standard. A common rule of thumb in the US is about $1 per week for each year of age (so $7 a week at 7), but many families give less or more depending on what the allowance covers.

At what age should kids start getting an allowance?

Many families start around age 5 or 6, when kids understand counting and that money buys things. Starting small and simple works best.

Should allowance be tied to chores?

Families differ. Some pay for extra jobs only, some expect everyday chores as part of family life and give a separate allowance. Either way, be consistent.