Budgeting Allowance Worksheet – Editable

Use this editable budgeting allowance worksheet to calculate a reasonable monthly allowance for tweens & teens to teach budgeting skills to children. Three pages allow you to enter your own budget for 6 categories, 47 individual items and 20 fill-in-your-own item lines. The worksheet will calculate totals and the monthly allowance amount for you based on the individual items you fill in. 

Teach budgeting skills to tweens and teens using a budgeting allowance. Use this editable budgeting allowance worksheet to calculate a reasonable monthly allowance for tweens & teens. Three pages allow you to enter your own budget amounts for 6 categories, 47 individual items and 20 fill-in-your-own item lines. The worksheet will calculate totals and the monthly allowance amount for you based on the individual items you fill in.  

The general budgeting categories are:

• Clothing
• School Supplies
• School Activities
• Gifts
• Entertainment
• Miscellaneous

You determine how many of each individual item and what amount you’ll budget for each item. For example, 5 pairs of jeans at $27 each. The worksheet will do the math for you to calculate the total amount for each line item and the total for each category. It will then total all the categories and divide by 12 to determine the monthly allowance amount. There is an area for you to make adjustments to the worksheet totals to determine your final monthly allowance amount. 

You can read about how I use the Comprehensive Allowance and Budgeting for Teens with my family. 

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