Find out if you're charging enough, how payment terms
affect your cash, and how long your money lasts.
Minimum hourly rate is the lowest rate that covers all expenses and hits your savings target.
Most freelancers set their rate by looking at what others charge, then picking a number that feels reasonable. That's backward. Your rate should be based on what you need to earn. expenses, taxes, savings, and the reality that you can't bill every hour you work. This calculator starts with your costs and works up to the rate, not the other way around.
The billable hours input is where most people get it wrong. A 40-hour work week doesn't mean 40 billable hours. Admin, marketing, client communication, invoicing, and business development eat 25–40% of your time. Enter the hours you actually bill, not the hours you work. If you're not sure, track your time for two weeks and you'll have the number.
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