Turn your old wage into a freelance rate
OnlineMoney.blog's freelancing guide now turns your old wage into a freelance rate and shows what it would leave you each month.
The freelancing guide on OnlineMoney.blog gives a simple rule for pricing: turn your old wage into a freelance rate by roughly doubling it, and set a third of every payment aside for tax. A new tool under the guide now does that maths with your own numbers.
Enter the hourly wage you earned as an employee, the hours you would bill each week and your currency. The tool suggests a rate, shows roughly what that leaves you each month after typical costs, and how much to set aside for tax every month. It updates as you type.
One click opens the full side income calculator with the same numbers filled in, where you can change the costs, the weeks you work per year or the share you keep for tax.
The figures are estimates from the guide's rules of thumb, not tax advice. Try it at the end of the freelancing guide on onlinemoney.blog.
