A kids allowance calculator is a free tool that recommends age-appropriate allowance amounts based on your child's age, assigned chores, and regional cost of living — with a built-in savings goal tracker to teach smart money habits.
Pick chores your child does. Values are adjusted for age and region.
A common guideline is $0.50 to $1.00 per year of age per week. So a 10-year-old would get $5–$10/week as a base, plus any chore-based earnings. This calculator factors in age, chores, and regional cost of living to give a personalized recommendation.
Many families use a hybrid approach: a small base allowance to teach money management, plus extra earnings for completed chores. This calculator supports both — a base allowance plus optional chore-based pay.
Most experts suggest starting around age 5-6, when kids begin to understand the concept of money. Even younger children (3-4) can do simple chores, but a formal allowance works best once they grasp counting and basic math.
Cost of living varies significantly by region. A dollar goes further in the US Midwest than in California or New York. The calculator adjusts recommended amounts based on your region so the allowance feels proportional to local costs.
Enter a savings goal (like a toy or game) and the dollar amount. Set what percentage of the allowance goes to savings, and the calculator shows how many weeks it will take to reach the goal. It’s a great way to teach kids about saving!
FamilyGPT is an AI assistant built for families — with parental controls, values teaching, and real-time monitoring.
Try FamilyGPT