BackgroundFish fins with highly variable color patterns and morphologies have many functions. In Actinopterygii, the free parts of fins are supported by “soft rays” and “spiny rays.” Spiny rays have various functions and are extremely modified in some species, but they are lacking in popular model fish such as zebrafish and medaka. Additionally, some model fish with spiny rays are difficult to maintain in ordinary laboratory systems.ResultsCharacteristics of the small, spiny‐rayed rainbowfish Melanotaenia praecox render it useful as an experimental model species. Neither fish age nor body size correlate well with fin development during postembryonic development in this species. A four‐stage developmental classification is proposed that is based on fin ray development.ConclusionsMelanotaenia praecox is an ideal species to rear in laboratories for developmental studies. Our classification allows for postembryonic staging of this species independent of individual age and body size. Development of each fin ray may be synchronized with dorsal fin development. We discuss the differences in mechanisms regulating soft, spiny, and procurrent ray development.