[FloNeu]

My formula was 50% (of every deal - set aside for taxes and social security (that includes pension) - 25% savings/rainy-day-funds, 25% spending money... Keept my bacon alive until now. Even when pandemic beginning in my 3rd year would probably not have been survived without state funds (as it cost me work that would have been planned to last most of the year)

[probst]

Thank you for sharing! That is even more strict than what my tool calculates, as in 75% set aside for the future. The exact numbers likely also depend on where you reside, and how much of a social security net exists to catch you when things don't go as planned.

[FloNeu]

According to your tool I am overpaying myself :) I think you did a great job with this - I did take this rather on the light side when I started... Paniced a little later (when I got my first tax invoice), then decided to be on the save side... Luckily I was never a big spending guy - so it turned out alright.

[probst]

Thank you :)