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Re:Living on Last Month: For Freelancers by desarun on Thursday December 18, 2014 @10:47AM (#8767766)
I'd go a step further here.

If you can, aim to save at least half.

And never charge on a per-project basis. Bill a daily rate, 1-2 week sprints, demo, rinse & repeat.

It's much easier for expectation management & rapidly adjusting requirements. Which is every requirement.

Re:Living on Last Month: For Freelancers by neals on Thursday December 18, 2014 @11:19AM (#8767968)
I like that last part, I'm going to start doing this.