Freelancers choose freelancing as a lifestyle choice in which there’s no boss, a flexible schedule and can more easily blend their daily activities around their work schedule. It’s a freeing lifestyle but freedom can also mean loose and chaotic. Freelancers are not given the standard three weeks paid vacation and sick days that many traditional workers enjoy. It often means that freelancers aggressively save up the month before a vacation to make sure they can pay their rent, cell phone, and loans while they are away. Some opt to rack up credit card debt to cover expenses, but many freelancers just never take a week or two long vacation in fear of losing too many billable hours.
With the right preparation, it doesn’t have to be this way. Freelancers chose a flexible lifestyle and with that comes extra responsibility and planning. I created a helpful vacation calculator to help freelancers determine how much they need to save each week in order to have their desired vacation. All you need to input is how much your annual salary is and how many weeks you’d like to take off. Once you input those numbers you’ll see how much you need to stash away each week you are working!
Here is a link to the spreadsheet for you to edit. Sorry I haven’t figured out to embed the sheet so it can be edited.