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A $30 a week allowance: what it adds up to

$30 a week is about $130 a month and $1560 a year. Split 50/40/10 it is $15 to spend, $12 to save and $3 to give.

$30 a week, in numbers

Every week
$30
Every month (52 weeks / 12)
$130
Every year
$1560
Spend jar (50)
$15
Save jar (40)
$12
Give jar (10)
$3

Which ages it matches

  • 0.5 per year of age: outside ages 4 to 18
  • 1 per year of age: outside ages 4 to 18
  • 1.5 per year of age: outside ages 4 to 18

The per-year-of-age rules of thumb: half, one or one and a half per year of age, every week.

How long to save for a goal

How long to save for a goal
GoalSave jar onlyWith 2 in every 100 a week interestSaving all of it
$202 weeks2 weeks1 weeks
$505 weeks5 weeks2 weeks
$1009 weeks8 weeks4 weeks
$25021 weeks18 weeks9 weeks
$50042 weeks31 weeks17 weeks

TaskFamily pays a $30 weekly allowance automatically into spend, save and give jars, and the savings jar can earn interest you set, so children see their goal date move closer.

Free for one household. Premium is $5.99 a month or $49 a year for the whole family, never per child.

Keep reading

Amounts are worked out with the same arithmetic as our allowance and savings goal calculators. They are starting points, not advice on what to pay. The guide text is drafted with AI from these numbers and checked automatically before it is published.

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$30 a week allowance: is it enough? · TaskFamily