ANNUAL EXPENSES
Group
Category
DAILY↓
MONTHLY↓
ANNUAL↓
← Annual Expenses, by category, will be equal to:( Daily × 365 ) + ( Monthly × 12 ) + ( Annual × 1 )
Rent or Mortgage
DailyMonthlyAnnual ←How much for the roof over your head?
Utilities
DailyMonthlyAnnual ←Lights? Electricity? Heating/Air Conditioning? Water?
Phone & Internet
DailyMonthlyAnnual ←Cell phone bill? Cable? Internet? Landline?
Food & Entertainment
DailyMonthlyAnnual ←Groceries? Outings? Dinner with friends?
Other Insurance
DailyMonthlyAnnual ←Renters? Liability? Car insurance?
Health Insurance
DailyMonthlyAnnual ←Self-employed? You pay the whole premium.
Medical & Dental
DailyMonthlyAnnual ←Copays, prescriptions, cleanings?
Gym & Fitness
DailyMonthlyAnnual ←Membership? Classes?
Streaming & Subscriptions
DailyMonthlyAnnual ←Netflix? Spotify? News?
Clothing & Personal Care
DailyMonthlyAnnual ←Clothes? Haircuts? Toiletries?
Retirement Savings
DailyMonthlyAnnual ←Even a little each year adds up.
Transportation
DailyMonthlyAnnual ←Car payments? Train, bus, or subway fare? Uber or taxi rides?
Travel (Hotel & Tickets)
DailyMonthlyAnnual ←Airplane tickets? Hotel or AirBnB? Train or bus trips? Event travel?
Office Supplies
DailyMonthlyAnnual ←Pens, paper, ink? Small office furniture or workstations?
Hardware & Software
DailyMonthlyAnnual ←New computer? Monitors? One-time software purchases?
Business Assets
DailyMonthlyAnnual ←Fonts? Icons? Images? Books? Add-ons?
Subscriptions
DailyMonthlyAnnual ←Figma? Google Workspace? Newsletter software? Professional tools?
Website
DailyMonthlyAnnual ←Hosting? Servers? Cloud? Domain registrations?
Advertising
DailyMonthlyAnnual ←Google Ads? Print or online ads? Facebook? Instagram?
Legal & Accounting
DailyMonthlyAnnual ←Contracts? Taxes? Accounting? Legal advice?
Professional Development
DailyMonthlyAnnual ←Tuition? Professional classes? Networking events?
Office Space
DailyMonthlyAnnual ←Co-working space? Office?
Contracts & Help
DailyMonthlyAnnual ←Need to hire help on projects? Any additional help?
Other
DailyMonthlyAnnual ←Business insurance? Business entity fees? Other expenses?
DailyMonthlyAnnual
DailyMonthlyAnnual
↓
↓
↓
Daily
Monthly
Annual
SUB TOTALRates
$27× 365
$3,930× 12
$10,400× 1
←Amount you spend per day, month, and year. Multiply each by the number of days, months, and years.
ANNUAL TOTAL
$9,855
$47,160
$10,400
←Add these amounts to get your total annual expenses
↘↓↙
$67,415
in ANNUAL EXPENSES

So, you need to earn $67,415 to cover costs?

No, you need more.

How to Reach Your
Break-Even Point

You need to earn enough to cover all annual expenses AFTER sales fees and taxes are paid.

Expenses  +  Fees  +  Taxes  =  Break-Even Point

Sales Fees and Taxes

You can't escape them ¯\_(ツ)_/¯

SALES FEES
Credit Card↓
Service↓
Others↓
% of Total Sales
Credit cardServiceOthers 100% What % of your sales come from credit cards / services / commissions / others?→
Transaction Fee
Credit cardServiceOthers What is the transaction fee?→
TOTAL FEES
$0
$0
$0
↘↓↙
$0
in SALES FEES
←Your total annual sales fees
TAXES
Sales tax / VATLeave at 0 unless you resell goods or software licences. Most US states do not tax freelance services.
Income + self-employment tax reserveShare of every dollar you bill that you set aside
Tax reserve amount25% of everything you bill
$22,471.67
Sales Tax / VAT amount0% of everything you bill
$0.00
TOTAL TAXES TO SET ASIDE
$22,471.67

Fees and tax reserves are figured on what you actually bill, so your rate includes the money you set aside.

Break-Even Point

Expenses
$67,415
+
Fees
$0
+
Taxes
$22,471.67
↘↓↙
$89,886.67
in TOTAL ANNUAL SALES

↑ Your total annual sales required to break even

Your Working Days

How many days and hours will you work?

WORKING DAYS
Vacation
Days ←How many vacation days do you want per year?
Holidays
Days ←As a reference, there are 11 public holidays in the US
Sick Days
Days ←It's standard to have 8 or more sick days in the US
TOTAL DAYS OFF
38
Available Days
Days 327 ←Days a year minus total days off (from above)
Working Days / per week
Days ←How many days a week do you work?
TOTAL WORKING DAYS
233
Working Hours / per day
Hours ←How many hours a day do you expect to be paid for? Looking for work on the internet is not paid work, sorry.

Your Sustainable Hourly Rate

$77.16

How much you need to charge to stay sustainable

Daily Rate

$385.78

Your sustainable daily rate

Weekly Rate

$1,928.90

Your sustainable weekly rate

Adjustments for Savings

Ready to go beyond your break-even point?

SAVINGS
Annual Savings
Amount ←Saving for something beyond retirement?
Adjusted Annual ExpensesYour expenses plus your savings goal
$67,415
Adjusted Sales Fees
$0
Adjusted Taxes
$22,471.67
ADJUSTED ANNUAL SALES
$89,886.67
←Your newly adjusted total annual sales needed to save $0 per year...

Your New Hourly Rate

Covering expenses and saving $0 per year!

$77.16

Adjusted hourly rate for the desired annual savings

Daily Rate

$385.78

Your new daily rate

Weekly Rate

$1,928.90

Your new weekly rate

saved