Could your kid save a house deposit before they leave school?

Set the goal. We'll work backwards and show you exactly what it takes — one chore at a time.

The Goal

The home you're aiming to help them buy one day
20%
A 20% deposit avoids lenders mortgage insurance

The Kid

7
25
7%
A real return after inflation — so this result is in today's money, not future dollars.

How they earn (3 stages)

Earning grows up with them — pocket money → real jobs → a proper wage.
$15
Small chores. This stage builds the habit, not the balance.
$50
Mowing, whipper snipping, car washing — like real work.
10h
Part-time at real award wages (junior rates by age, up to $26.44/hr adult).
50%
In earnt., earnings split across Save, Invest, Spend and Give. This is the share going into Invest — the bucket that compounds and builds the deposit. The rest is theirs to save for goals, spend and give.
The Plan
—
—
—
Deposit target
—
They could have
—
They earned
—
Growth on top
—

How it grows

Total balance What they earned Growth on top

Year by year

AgeStageInvested that yearGrowthBalance
Take it further
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This is a simple illustration to show the power of starting early — not financial advice. Every figure is shown in today's money: the growth rate is a real return, already adjusted for inflation. Actual results depend on real savings, real returns, and life. The point isn't the exact number. It's that small, consistent effort from a young age adds up to something that can genuinely change a kid's future.

Start them earning — free →