This Tool Calculates the Hourly Rate for Freelancers
A while ago we introduced a handy online tool that will generate invoices for your freelance projects . Now the company that developed the tool has added another to its repertoire: the hourly wage calculator.
This tool takes into account your current salary (or the amount you would like to receive), factors of monthly or annual expenses, and generates an hourly rate that you can use to charge clients. It even includes the number of vacation or sick days you would like to take each year, or how many paid hours you work each week. While seasoned freelancers know that sometimes the work isn’t consistent enough to plan that far ahead, that should give you a basis for the type of rates you should be charging in order to maintain a reasonable income based on your needs.
Hourly Wage Calculator | BeeWits