An allowance gives kids regular practice with money. There's no single right amount; what matters is being consistent and clear.
Decide together
- How much: one common rule of thumb is $1 a week per year of age; adjust to your budget
- How often: weekly is easiest for younger kids
- What it covers: snacks, toys, apps or outings they choose
- How it's split: save, spend and share
Be consistent
Pay on the same day every week. Avoid extra money when the allowance runs out; the lesson is in running out.
General educational information for parents and caregivers. Bright Buck Club isn't paid by any bank, card company or kids' app.