Molly’s Ultimate Freelance Rate Calculator gives you an in-depth understanding of what you need to charge to create a profitable, joyful freelance editorial business.

This Excel (.xlsx) workbook will help you find your minimum viable rate in minutes—and it includes the tricky items other calculators leave out, like taxes, payment processor fees, and retirement savings.

Using this calculator, you'll be able to:

• See what your "break-even" number really is
• Understand billable versus nonbillable hours
• Learn how to factor payment processing fees and taxes into your expenses
• Set your rate so you can save for retirement and an emergency fund each year (something most freelance rate calculators forget!)
• Play with the numbers to calculate the hourly, daily, and weekly rates that give you freedom in your business

You can also use it as part of your annual review, or whenever your expenses change (hello, inflation!) and you need to raise your rates. 

It's the one and only tool you'll ever need to set—and reset—your ideal freelance rate.