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Proper film budgeting can make or break a film production. Here are some tips I’ve found to successfully budget your film:
If want to budget your film yourself, you better know a great deal about every aspect of filmmaking. There are a hundreds of different factors that go into film budgeting aside. You have to take in account the smaller details like location rentals, transportation, gas, food, office supplies, sound equipment etc. If you are aware of how much each area of your film production will cost, make your list. Put all your expenses into a excel spreadsheet and see how the number compares with the amount you have to spend
There are many books you can consult on the nuances of film production to get a better scope on the range of your expenses. Look at your script to see how much your film would align with these expenses.
You can buy software that will help guide you in your film budgeting. There are cheaper programs that plug into an excel spreadsheet. You can also get professional programs similar to what the big studios use (Movie Magic Budgeting, EP Budgeting). These programs are thorough but more expensive ($299-$700) and might include options you don’t need (foreign currency trackers, global fringes etc.).
You also have the option to seek full-service help with your film budgeting. There are consulting companies (The Budget Company, Budget Cheetah) that specialize in budgeting and scheduling for filmmakers. As a filmmaker, you meet with the consultants to show them your script and the amount you have to spend. They take that information and essentially do all the work for you. If you look at your script and realize that you have no idea what you need to pay for, I recommend this option.
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