Enter the number of sessions you would like to shoot this year.
sessions
Description: Consider the number of photography sessions that you would enjoy shooting in a given year. Take into consideration the ideal amount for you and your family that allows you to also enjoy life.
Example of someone who enjoys working weekends: 40
{{ monthly_personal_exp | currency}} / month
{{ monthly_personal_exp * 12 | currency}} / year
Description: Calculate all of the personal expenses that you are responsible for ignoring any business expenses. Leave any categories at 0 if they do not apply.
| Giving / Charity: | $ / year |
| Groceries: | $ / month |
| Mortgage / Rent: | $ / month |
| Transportation/Gas: | $ / month |
| Misc: | $ / year |
| Debt: | {{personal_exp_debt | currency }} / month |
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| Student Loans | $ / month |
| Credit Cards | $ / month |
| Car Payments | $ / month |
| Insurance: | {{ personal_exp_insurance | currency }} / month |
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| Health | $ / month |
| Car | $ / month |
| Home | $ / month |
| Utilities: | {{personal_exp_utilities | currency }} / month |
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| Electricity | $ / month |
| Water | $ / month |
| Heating | $ / month |
| Garbage | $ / month |
| Cell Phones | $ / month |
| Cable/Internet | $ / month |
Description: Tax Brackets are based off of your income. The more you make, the higher percetage you owe the government.
This puts you in the {{tax_rate * 100 | number:0}}% Tax Bracket
Description: These numbers are generated using the 50/20/30 rule.
50% of your salary towards personal expenses
20% of your salary towards savings
30% of your salary towards discretionary income
I want you to have a business that gives you the life that you deserve. This means NOT living paycheck to paycheck. Setting aside savings, being able to go the movies, go out to eat, or take your kids to Cedar Point.
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Take-home (after taxes) salary you need to make |
{{salary_before_taxes | currency }} / year |
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Amount of that set aside for Savings |
{{salary_before_taxes * .2 / 12 | currency }} / month |
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Amount of that set aside for discretionary income |
{{salary_before_taxes * .3 / 12 | currency }} / month |
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Taxes you will have to pay. |
{{ taxes_to_pay | currency }} / year |
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Total overall income you need to generate factoring in taxes. |
{{taxes_to_pay + salary_before_taxes | currency }} / year |
{{monthly_buisness_expenses | currency }} / month
{{ annual_buisness_expenses | currency}} / year
Description: As you are entering business expenses, please leave out any expenses that only incur when you book a client. For example if you hire an assistant each wedding, do not factor that into this section. We will get to cost of goods sold in step 5.
Tip: These are all tax write offs and should be filed as such during tax season!
| Gear: | $ / year |
| Office Rent: | $ / month |
| Office Manager: | $ / month |
| Client Mgt. Software: | $ / month |
| Accountant: | $ / month |
| Advertising: | $ / month |
| Website Hosting: | $ / month |
| Insurance: | {{buisness_exp_insurance | currency }} / month |
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| Liability: | $ / month |
| Gear: | $ / month |
| File Delivery: | $ / month |
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Payroll: (only if filed as a corporation) |
$ / month |
| Misc/other: | $ / month |
{{ cost_of_goods | currency }} / session
{{ cost_of_goods * number_of_weddings | currency }} / year
Description: COGS (Cost of Goods Sold) relates to the costs you incur each time you book a wedding. Only enter the amount for 1 individual wedding.
For Example:
Each time you book a wedding, you have to pay a 2nd shooter $300
Certain numbers will be variable, so do your best to come up with an average. For example if 50% of our couples have a 2nd shooter. I would enter $150. (Half of what I pay a 2nd shooter)
| 2nd Shooter: | $ |
| Album Costs: | $ |
| Print Costs: | $ |
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Digital File Delivery: (pass gallery, USB stick) |
$ |
| Assistant: | $ |
| Wedding Day Meals: | $ |
| Clients Gifts: | $ |
| Travel Costs | $ |
Total needed to cover business expenses, personal expenses, taxes and cost of goods. {{need_to_make_per_year | currency}} / year
You should charge {{charge_per_wedding | currency}} per session.
Is this number a little too daunting for you?
Try increasing the number of photography sessions you take on a year to bring it down.
Number of sessions: