Kids’ Allowance System: Teach Money Smarts by Age 10

Word count: 810

Children who get allowance are 3x more likely to save (T. Rowe Price). Here’s the 3-jar system that works.

The Jars

• Spend (50%): Toys, candy
• Save (30%): Bike fund
• Give (20%): Charity

Chore Chart (Free Printable)

Age 5–7: Make bed = $0.50 | Age 8–10: Dishes = $1

Related: 50/30/20 Rule — kids learn early.