Physical Needs such as House, Rent, Food and Health mounts up to £8,741.
Then I added my safety and love and belonging needs to this to give a total of £9431.
A few holidays in the year including a two week holiday abroad would add another grand making the total £10, 431.
Self Esteem and Social Needs add another £1414 to the equation making the total now £11, 845.
Finally, adding on Self Actualisation Needs along with Travel makes the grand total, £13, 625.
Adding on tax that we need to pay makes my total income required £23, 568. A good standard wage that I feel I should be acheving. From this, I can work out how much income and profit myself or business should be turning over each year in order to survive healthily.
To work out a daily rate of charge I need to add on my business expenses which for now, say £10,000. This brings my total to £33, 568.
I now divide this by the number of working days in a year (which is roughly 233) to give me £144.07 which again is a fairly average amount to be expecting on a daily charge for design work.
