The 50-30-20 principle – also for the self-employed

The 50-30-20 rule is suitable for every phase of life and every professional situation. In an employment relationship, it is particularly simple: the net income remains the same every month. But the formula also works for the self-employed: You calculate your average net annual income and divide it by twelve. Do not forget to include in the fixed costs the portion of the irregular charges. There are, for example, tax prepayments and back payments. Even months with low sales can be compensated in this way and you are spared any nasty surprises.

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