This planner turns one wanted purchase into a savings target. Use it when your child knows what they want but needs to work out how much is still missing and how long saving may take.
Turn a wanted purchase into a realistic savings plan.
Your entries stay in this browser and are not saved by this tool.
Educational estimate only. This tool does not provide individualized financial, tax, legal, or education-planning advice.
Start with the complete price
Check the item’s current price and include applicable tax, delivery, and necessary accessories. Subtract only money already set aside for this purchase. Do not count a possible birthday gift or an optional job that has not been agreed.
Try a realistic weekly contribution
If a purchase costs $60 and your child has saved $15, the remaining gap is $45. Saving $5 each week closes that gap in nine weeks, assuming the price and savings rate stay the same. Saving $3 takes fifteen weeks. Compare those choices before promising a purchase date.
Make the waiting period useful
Write down the target, count progress once a week, and let your child decide whether the purchase is still worth the effort. A lower-cost alternative, a used item, or a longer timeline may be a better fit. If the estimate feels discouraging, adjust the plan together rather than treating it as a test.
For the recurring payment routine behind this goal, use the Allowance Builder. This page is for one purchase, not a full household budget.