Paying yourself a wage

[torella]

Hi
I've just recently gone self employed working from home and mobile and was wondering if anyone pays themselves a fixed hourly rate? Or you just put the money back into the business?
Thanks

 

[persianista]

You pay yourself the PROFIT. So list your takings, list your expenses. Take your expenses off the takings amount, then divide into 3.
Put 1/3 into a savings account for tax and the rest is yours.