Actual Income Calculator

You can prepare a financial cost-benefit analysis for each session:

By adding together all income (fee and expense reimbursement) for that session, subtracting costs not reimbursed from the total income, then dividing by the total number of hours involved, including travel and waiting time. Thus, if you are paid $30.00 for a three-hour session, spend $5.00 for transportation, and take an hour each way, your total time is five hours, your income is $30.00 – $5.00 = $25.00, divided by 5, = $5.00 per hour.

If this ratio seems lower than your time is worth, and there are no reasons of friendship, education, professional advancement, curiosity, and such that make you want to repeat work with people, discuss the possibility of raising your fee or getting transportation reimbursement. If this doesn’t work out, look for appointments somewhere else.

13/01/2010