What Is My Day Rate?

A simple tool to calculate your freelance rate

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#5 Product of the WeekApril 02, 2018
+1

Reviews

  • Steven DiffeyProduct Programme Manager
    Pros: 

    Simple to use.

    Not trying too hard to cross-sell.

    Cons: 

    Doesn't account to dividend taxes

    This is ideal for anyone moving into freelancing or for validating your existing dayrate. I think that there's opportunity to extend the functionality to account for taxes.

    Steven Diffey has used this product for one day.
  • Rob TìgeirThinking good
    Pros: 

    Simple, customisable and it explains how the sums work.

    Cons: 

    None

    A really simple way to calculate your gross daily/hourly rate dependent on what gross annual income you want.

    Thankfully doesn't try and allow for income tax as that's between you and your state, not you and your client and I'm really not interested in ploughing through questions about my marital status, pension contributions, whether this is my only job, deductibles etc that would be needed to include tax.

    Rob Tìgeir has used this product for one day.

Discussion

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Rich Peterson@richp_ · Founder @ SystemAndProcess.com
Clever tool, love the design and the ability to alter the calcs.
Lyondhur@lyondhur · T&R Project Manager at Weta Digital
Nice. Inwished this included income tax, deductions and GST..
Almen Barnetta@almenbarnetta · company sales
@lyondhur Yes, would be good.
Simon MintonMaker@simonminton · Founder of Technical Chops
@lyondhur @almenbarnetta @acr hey all, thanks for taking a look! We wanted to create something that was as simple as possible to get an answer with a clear explanation from without tripping over too many fields. Taxes were briefly considered, but they are generally variable based on circumstances and type of employment(not to mention country/state) so we figured keeping it gross would be best. We might revisit this in the future though.
Manny Orduña@manny_orduna
Really love the design and illustrations! Would be nice to see the "ideal hourly rate" as a start as well
Andrew Crookston@acr · Developer and Entrepenur
Pretty cool, but somewhat incomplete. Missing taxes, especially employer taxes. Some countries don’t charge for healthcare etc. overall, nice app!
Mikee Shattuck@mikee_shattuck · Creative Marketing Consultant
Day rates = cap on your income as a freelancer