A 5-year-old's allowance at $0.50 per year of age
At half a dollar per year of age, a 5-year-old gets $2.50 a week, $10.83 a month and $130 a year, split into spend, save and give jars.
$0.50 per year of age at 5
- Every week
- $2.50
- Every month (52 weeks / 12)
- $10.83
- Every year
- $130
- Spend jar (50)
- $1.25
- Save jar (40)
- $1
- Give jar (10)
- $0.25
Weeks to a goal from the save jar
| Goal | Save jar only | With 2 in every 100 a week interest |
|---|---|---|
| $20 | 20 weeks | 17 weeks |
| $50 | 50 weeks | 36 weeks |
| $100 | 100 weeks | 56 weeks |
| $250 | 250 weeks | 91 weeks |
What it often covers at 5
- small treats
- stickers or a small toy they save up for
TaskFamily pays a $2.50 weekly allowance automatically into spend, save and give jars, and you can change the amount as your child grows.
Free for one household. Premium is $5.99 a month or $49 a year for the whole family, never per child.
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Every amount is worked out with the same functions as our allowance and savings goal calculators. Rules of thumb, not advice on what to pay. The guide text is drafted with AI from these numbers and checked automatically before it is published.