Wednesday 10 April 2013

COST OF LIVING SPREADSHEET//OUGD502

COSTOF LIVING SPREADSHEET:
Total for physiological needs adds up to £6,050 annually.
I then added my 'safety and security needs' and 'love and belongings needs' to the physiological needs to bring it to a total of: £6920
A long weekend break and a two week holiday puts almost another grand on the total, brining it to £7900
Annual entertainment spending is a total of £2090 added to my total making it:  £9990
Adding esteem, self actualisation, travel and personal needs gave me a total of £970
 
My total now considering tax allowance is £19, 916, this is the amount I am required to make in order to live as I do now.
Working out the daily rate of charge, add on business expenses, for now lets say, £10, 000.  This brings my total up to: £29,916. 
Divide this by the number of working days in a year (roughly 233) to give me £128.39

Working out the daily rate I should be charging, so total income required plus business expenses divided by the amount of working days in a year, excluding holidays:
£19,916 + £10,000 =  £29,916
£29, 916 / 233 = £128.39

I will round this total figure up to £130 a day, this will be my daily working rate.

No comments:

Post a Comment