Free Tool

Freelance Budget Planner

Find out your real income. This tool uses the 50/30/20 budget framework tailored for Filipino freelancers and VAs, with statutory deductions and overhead calculations included.

1. Target Monthly Gross Income

Gross Target Income (₱)

₱50k

2. Freelance Overhead & Statutory Benefits

Freelancing has no HR department — you set aside your own tax, health benefits, and back-up equipment savings yourself.

BIR Freelancer Tax (8% Flat Rate)

8% of gross target. Highly recommended for legal registration (ITR, loans, visa).

₱4,000

SSS Self-Employed Contribution

For retirement, maternity, and sickness benefits. Standard contribution ranges ₱500–₱3,000.

₱

PhilHealth Contribution

Essential healthcare insurance. Typical voluntary premium is ₱500/month.

₱

Pag-IBIG HDMF Savings

For housing loans and savings. Default self-employed contribution is ₱200.

₱

HMO / Private Health Insurance Buffer

Since freelancers don't have company HMOs, budgeting for health coverage is critical.

Backup Internet Plan (Mobile Data/Prepaid)

Mobile hot-spots or secondary local ISP to prevent interview or task disconnection.

₱

Power Backup & Electricity Buffer

UPS battery backup costs, co-working space fees, or high electricity bills due to WFH.

Your True Net Budget

Target Gross Income:₱50,000

Total Overhead Deductions:-₱6,700

Actual Take-Home Pay (Net):₱43,300

The 50/30/20 rule is applied to your Take-Home Pay to make sure the funds for taxes and statutory contributions don't run out.

🏠 Needs (50%)₱21,650

Renta, pagkain, internet, kuryente, load.

☕ Wants (30%)₱12,990

Pagkain sa labas, bagong gadgets, hobbies, travel.

💰 Savings (20%)₱8,660

Emergency fund (3–6 months), investments, backup computer buffer.