Allowance & Pocket Money Calculator
Not sure how much to give? Use our guide based on typical rates for allowance and chores in your country.
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Common Rule of ThumbPocket Money vs. Allowance: What's the difference?
While often used interchangeably, "allowance" typically refers to a set amount given regularly (weekly/monthly), whereas "pocket money" can sometimes imply smaller amounts given for immediate spending.
Regardless of the term, the goal is the same: Financial Literacy. Giving children their own money to manage is the best way to teach budgeting, saving, and the value of a dollar.
Chore Pricing Guide: How much related to chores?
Many parents choose to link pocket money to household chores. Here are average payment ranges for common tasks in 2024:
| Chore / Task | Avg. Payment (US) | Difficulty |
|---|---|---|
| Making Bed / Tidy Room | $1 - $3 | Easy |
| Empty Dishwasher | $2 - $5 | Easy |
| Taking out Trash | $1 - $3 | Easy |
| Vacuuming / Mopping | $5 - $10 | Medium |
| Washing Car | $10 - $20 | Hard |
| Mowing Lawn | $15 - $25 | Hard |
How is allowance calculated globally?
Allowance rates vary significantly by culture and cost of living.
- 🇺🇸 USA: A common rule of thumb is $1 per week for every year of age.
- 🇩🇪 Germany: Based on the official recommendations from the DJI (German Youth Institute).
- 🇬🇧 UK: Based on average rates from annual pocket money surveys.
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Start for FreeDisclaimer: These are general guidelines only. Every family budget is different. The "right" amount is what works for your family.