Freelance budget calculator

Knowing what to charge and when to raise your rates is one of the hardest things you have to figure out as a freelancer. Our budget calculator can help you take the guesswork out of setting your freelance rate, whether it’s by hour or by project. When you get a clearer sense of what your income needs to be, you can feel more confident knowing how much you need to charge.

Unfortunately, this tool is not available in your region

Our Freelance budget calculator is currently available for US residents only

Thousands of freelancers use Wave’s free accounting software

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Thousands of freelancers use Wave’s free accounting software

How can the freelance budget calculator help me set my rates?

Googling “what should I charge for X?” will get you a wide range of answers from different sources, and asking other freelancers what their rates are doesn’t help too much since they likely don’t have the exact same skill set or experience as you. While it is important to do research on pricing and ask around, you also need to think about other factors, like what your target income should be {based on your expenses) and what your target revenue goal is for the year.

A few things to keep in mind

You may not view yourself as a business owner, but if you have freelancing clients, you do run a business! Here are a few tips that can put you on the path to success:

  • If you’re just starting out, think about how many clients you will have in the beginning vs. how many you will have once you’re established. Remember, it’s often slow going for the first six months to a year. Make sure you have enough savings to cover an initial drought of work.
  • Aside from personal expenses, you will likely also have business expenses—this can include office supplies, rent, your website provider or accountant. Be sure to include these in your calculations.
  • Because your expenses will fluctuate over time, it’s important to revisit your budget on a regular basis. And don’t forget to raise your rates as you gain more experience and clients who can vouch for your excellent work!
  • Maintaining an up-to-date budget throughout the year will help prepare you for tax time. See how Wave’s accounting software can help you create robust and detailed reports—free.
  • Check Check out our other accounting tools that can help you calculate cash flow, sales tax, burn rate, and more!

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  1. asdas
  2. asdas
  3. asdasd
  4. asdas
  5. da
  6. asd
  7. asd
  8. asda
  9. asd
  10. asd

Freelance budget calculator

FAQs

Do you provide customer support?

We provide different levels of support for customers who use different features and services from Wave. Full details on how Wave support works are available here.

Is my data secure when I use Wave?

Completely. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Wave is a PCI-DSS Level 1 Service Provider.

Is Wave's software something I need to install?

Wave's money management tools are web-based, so you just need an Internet connection and browser to manage your books. No installation is necessary for our online software!

If you're looking for an on-the-go money management solution, you can also install our mobile app to help you manage invoices, payments, and business banking. Download our mobile app on iOS and Android today!

What’s the catch—how does Wave make money?

Wave makes money through our optional, paid money management features include online payment processing, payroll software, and access to personalized bookkeeping services and coaching through Wave Advisors. These features help keep our invoicing, accounting, and business banking (currently only available to sole proprietors in the US) free.

If you're interested in our payroll software, you can start a free 30-day trial when you sign up for Wave.

Is your software actually free?

Our our accounting software, invoicing software, or US-only banking software are 100% free. There are no trials, subscriptions, or hidden fees.

Wave's optional paid features include online payment processing, payroll software, and access to personalized bookkeeping services and coaching through Wave Advisors. If you're interested in using payroll software, you can start a free 30-day trial when you sign up for Wave.

A few things to keep in mind

You may not view yourself as a business owner, but if you have freelancing clients, you do run a business! Here are a few tips that can put you on the path to success:

  • If you’re just starting out, think about how many clients you will have in the beginning vs. how many you will have once you’re established. Remember, it’s often slow going for the first six months to a year. Make sure you have enough savings to cover an initial drought of work.
  • Aside from personal expenses, you will likely also have business expenses—this can include office supplies, rent, your website provider or accountant. Be sure to include these in your calculations.
  • Because your expenses will fluctuate over time, it’s important to revisit your budget on a regular basis. And don’t forget to raise your rates as you gain more experience and clients who can vouch for your excellent work!
  • Maintaining an up-to-date budget throughout the year will help prepare you for tax time. See how Wave’s accounting software can help you create robust and detailed reports—free.
  • Check Check out our other accounting tools that can help you calculate cash flow, sales tax, burn rate, and more!
Track your freelance income and expenses—for $0.

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