Savings goal calculator for kids
Type in what the goal costs, what is already saved and how much goes in each week. You get the number of weeks and a date - and, if you pay interest on savings, a chart that shows compound growth for real.
🎯 22 weeks - around March 17, 2027
How it works
Interest is compounded weekly, the way TaskFamily's savings jar works: each week the balance grows by the rate you set, then the new savings are added.
A parent-paid interest rate of 2-5% a week is generous on purpose. It makes compounding visible within weeks rather than decades, which is what makes the lesson stick.
Switch to "reach it by a date" to see what needs saving each week to have the money in time for a birthday or a holiday.
TaskFamily turns this into a routine: chores and rewards, a savings jar that pays interest, schedules for two homes and a private family chat. Free to start.
Questions parents ask
How do I teach my child compound interest?
Pay a small interest on whatever stays in their savings jar each week, and let them watch the balance grow faster than the money they put in. Comparing the two lines on the chart makes the idea click.
What is a good first savings goal?
Something they really want that takes three to eight weeks to reach. Long enough to need patience, short enough to stay exciting.