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Family money calculator
An allowance is a small number that quietly becomes a yearly one. This planner turns whatever amount you choose into weekly, monthly, and annual figures across your children, and can split each payment into save, spend, and give. It never tells you what the 'right' amount is — that's your call.
Yearly household cost
$520
2 children · $5 per child, weekly
Weekly
$10
Monthly
$43
Per child / yr
$260
These results are estimates for educational and planning purposes only — not guaranteed prices, savings, inspection results, or professional, financial, legal, or tax advice. Your actual costs will vary. For decisions about your home, consult a qualified professional.
Annual per child = Weekly amount × 52
$5 per week for two children, split 30 / 60 / 10.
Two children at $5/week is about $520 a year, and each payment breaks into three tidy jars.
Five dollars a week doesn't feel like a budget decision. Multiplied by 52 weeks and two children, it's a line worth seeing clearly. The point isn't to talk you out of it — it's to let you choose the amount with the yearly total in front of you.
Many families divide each payment into three jars: some to save, some to spend now, and some to give. The split you choose is shown as real dollars per payment, which makes the idea concrete for a child looking at three actual amounts rather than three percentages.
This isn't financial advice
The annual household figure is the one worth sitting with before you commit — it's the number that shows up in your budget, not the child's.
If the save / spend / give percentages don't add up to 100, the planner flags it. That's fine while you experiment; just even them out before you print.
Make a weekly chore chart for your family.
Choose a few clear chores, assign and rotate them fairly, and keep the chart where everyone sees it.
Estimate a session, a month, and a year at your agreed rate.
Estimate the total before you start shopping.
These results are estimates for educational and planning purposes only — not guaranteed prices, savings, inspection results, or professional, financial, legal, or tax advice. Your actual costs will vary. For decisions about your home, consult a qualified professional.
Reviewed by the TipParents editorial team · Last updated .