The Freelancer Rate Calculator (2022)

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8					The Freelance Rate Calculator (2022)
9					(Spanish version)
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12					How much do you need to charge to sustain your freelance business?
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15					Take 10 minutes and figure out your hourly / daily / weekly rate:
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18					Instructions:
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20					Click here to make a copy
21					OR
22					Click here to download directly
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25					Now you can fill out your own spreadsheet!
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30					START
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33			ANNUAL EXPENSES
34			ANNUAL EXPENSES
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36				Daily	Monthly	Yearly	←	Annual Expenses, per category, will be equal to:
37	Group	Category		↓	↓	↓		( Daily x 365 ) + ( Monthly x 12 ) + ( Yearly x 1 )
38	Living
39	Living	Rent or Mortgage			$1,200		←	How much for the roof over your head?
40	These are the essential expenses that you will need to cover in order to sustain your current lifestyle. If you cannot afford these costs, you cannot be a full-time freelancer - sorry!
41		Utilities ( Gas / Electric )			$150		←	Lights? Electricity? Heat? Stove?
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43		Phone & Internet			$200		←	Cell phone bill? Cable? Internet? Landline?
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45		Meals & Entertainment		$20	$200		←	Groceries? Takeout? Dinner with friends?
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47		Insurance ( Health / Other )			$350		←	Health / Dental / Vision / Life insurance? Car insurance?
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50	Travel
51	Travel	Transportation		$9	$100	$350	←	Car payments? Train, bus, or subway fare? Uber or Taxi rides?
52	You will most likely need to cover these costs, too.
53	You will most likely need to cover these costs, too.	Travel ( Hotel & Airfare )				$1,000	←	Plane tickets? Hotel or AirBnB? Train or bus trips? Event travel?
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56	Business I
57	Business I	Office Supplies			$10	$500	←	Pens, paper, ink? Work stations or small office furniture?
58	These are your core business expenses. Ex. If you need a computer every three years, then consider taking the full cost and dividing it by 3, then placing the amount in the "Yearly" column.
59		Hardware & Software				$2,000	←	New computer? Monitors? 1-time software purchases?
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61		Trade Assets				$1,000	←	Fonts? Icons? Books? Plug-ins?
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63		Subscriptions			$100		←	Adobe Creative Cloud? Sketch? InVision? Pro Tools?
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65		Website			$100		←	Hosting? Servers? Cloud? Domain registrations?
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68	Business II
69	Business II	Advertising			$100		←	Google Ads? Print or online ads? Facebook? Instagram?
70	These can be considered optional if you are just getting started.
71		Legal & Accounting				$1,000	←	Contracts? Taxes? Accounting? Legal advice?
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73		Professional Development				$2,000	←	Tuition? Professional classes? Networking events?
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76	Business III
77	Business III	Office Space			$350		←	Co-working space? Dedicated office?
78	Once you are established, these additional expenses could be part of your financial planning.
79		Contractors & Hired Help				$1,000	←	Need to hire some help on projects? Any additional help?
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81		Other			$100	$1,500	←	Business insurance? Business entity fees? Other expenses?
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83				↓	↓	↓
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85				Daily	Monthly	Yearly
86		SUB TOTALS		$29	$2,960	$10,350	←	Amount you spend per day, month, & year
87		Annual multiplier		x 365	x 12	x 1	←	Multiply amounts by the number of days, months, & year
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89		ANNUAL TOTALS		$10,585	$35,520	$10,350	←	Add these amounts to get your total annual expenses
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91				$56,455			←	Your total annual expenses
92			in ANNUAL EXPENSES
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95					So, you need to earn $56,455 to break even???
96					No, you need to earn more.
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99			How to Break Even
100			How to Break Even