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Day Rate Decoder

Anonymous|3h ago
ToolsWorkMoneyJust an ideaJust take it

The Idea

A simple calculator that works both ways: enter your target annual income, desired days off, pension contributions and tax situation to get your required day rate. Or enter a day rate offer to see what lifestyle it actually buys you. Takes the guesswork out of freelance pricing.

The Problem

Freelancers and contractors constantly struggle with day rate calculations, either undercharging for their services or not knowing whether rate offers are actually worth taking. This question comes up repeatedly in professional communities.

Benefits

Helps freelancers price their work properly and make informed decisions about opportunities. Eliminates the mental math and guesswork that leads to poor financial decisions.

How It Could Work

A web-based calculator that factors in annual income targets, desired time off, pension contributions, tax situation, and hidden costs like subscriptions and insurance. Works bidirectionally - calculate required rate or evaluate offered rate.

Challenges

Needs to account for different tax situations and varying hidden costs that people often forget about.

Interested in this idea?