Pocket Money / Allowance Tracker
Blank earn-and-save sheet.
The Pocket Money and Allowance Tracker is a blank earn-and-save sheet that helps children and parents record how money is earned, received, spent, and saved over time. Parents fill in the child's name and starting balance, then child and parent together log each transaction — an allowance payment, a bonus for an extra chore, a small purchase, or a transfer to a savings jar — so the running total is always visible. Designed for Grades 1 through 8, this template bridges the gap between handing over coins and actually teaching financial thinking. Younger children track simple weekly allowances with parental help; older students use it independently to budget toward a specific goal. The blank format requires no app, no account, and no screen — just a printed sheet, a pen, and a regular five-minute money check-in that builds real-world numeracy and money habits from an early age.
Learning objectives
- Build foundational money-management habits in primary and middle school years
- Make earning, saving, and spending decisions visible and concrete
- Introduce the concept of a running balance and basic transaction records
- Support goal-directed saving toward a specific purchase or experience
- Connect classroom maths skills (addition, subtraction) to real-life money
- Encourage honest conversations between parent and child about money
How to use this template
- Download and print the blank PDF — one sheet typically covers a month or a school term depending on transaction frequency.
- Write the child's name, the start date, and an opening balance (or zero if starting fresh).
- Each time money is earned or received, record the date, description, and amount in the 'in' column and update the running total.
- Each time money is spent, log the purchase in the 'out' column and subtract it from the running balance.
- Review the sheet together weekly or at month-end to discuss patterns — what was saved, what was spent, and whether any goal was reached.
Classroom & home ideas
- Use in a maths lesson on money: give students a printed blank and a scenario card with transactions to record and balance over a simulated month.
- Incorporate into a financial literacy unit where students track a fictional character's allowance decisions and evaluate their choices.
- Send home as part of a family maths homework: children record one week of real or pretend pocket money transactions and bring the sheet back to discuss.
- Use in a Grade 5–8 economics or PSHE unit to compare saving strategies — what happens if you save 10% versus 50% of each allowance?
- Pair with a savings goal card so children write down what they are saving toward and can see how their balance is progressing toward that amount.
Skills & curriculum links
Frequently asked questions
What age is this tracker appropriate for?
Grade 1 (age 6–7) upward. Young children will need a parent to do the writing and arithmetic; by Grade 3 or 4 most children can log transactions themselves with light oversight.
Should I give a fixed weekly allowance or tie it to chores?
Both approaches work — this tracker records either. Some families use a fixed unconditional allowance to teach budgeting; others tie earnings directly to completed chores. The tracker simply records whatever system you choose.
How do I handle digital or card-based pocket money with a paper tracker?
The same way a bank statement works: note the date, what happened, and the amount. The physical act of writing each transaction is actually what builds awareness, regardless of whether the money itself is physical or digital.
What if my child spends everything and has nothing left to track?
That is valuable data, not a failure. Use the completed tracker to have a non-judgemental conversation about what they bought, whether they are happy with those choices, and what they might want to save for next time.
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