Allowance for a 4-year-old and an 8-year-old
At one dollar per year of age a 4-year-old and an 8-year-old get $4 and $8 a week, $12 together, and the older child gets $4 more.
A 4 and a 8-year-old, three ways
| Rule | Age 4 a week | Age 8 a week | The gap a week | Both a week | Both a year |
|---|---|---|---|---|---|
| $0.50 per year of age | $2 | $4 | $2 | $6 | $312 |
| $1 per year of age | $4 | $8 | $4 | $12 | $624 |
| $1.50 per year of age | $6 | $12 | $6 | $18 | $936 |
Paying by age keeps it predictable: the 4-year-old gets the 8-year-old's amount in 4 years, not because they argued for it.
At 4
- small treats
- stickers or a small toy they save up for
Money skills: coins and notes have different values; money runs out; waiting a few days for something.
At 8
- treats and small toys
- a gift for a friend's birthday now and then
Money skills: counting change; saving for two or three weeks; comparing two prices.
TaskFamily keeps a separate allowance, jars and savings goal for every child, paid automatically on the same payday, with each child's amount changing as they grow.
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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.