Being on set and taking time to understand how money is being spent is a great start.Are you planning to produce a film? Then, you have to prepare a film budget by using Free F ilm Budget Templates excel Word. With practice, you will learn how to budget over time.If you don’t reserve even a small portion of the budget for this, you may find yourself unable to show your completed project. Another under-budgeted area is finishing costs and submission fees for festivals.You can often negotiate a music package with a composer, if your budget is small. Make sure you budget for music which is an essential part of your creative process and can make or break a film.It will give you flexibility while making your film, so you can move that money around, as needed. Padding is when you over-budget portions of the budget because you anticipate needing more money in certain departments, but are not sure yet.If you don’t use the contingency, then you can return that money and be under budget! This is typically 10% of the overall budget which can be adjusted to your scale. Contingency is a portion of money that you set aside to use only in case of an “emergency”.On a smaller budget, you can consider making a deal with an existing production company who can underwrite your insurance needs. There are different ways to acquire insurance which can include using an insurance broker who will charge you a fee based on the number of shoot days and locations, amount of equipment and the general liability coverage needed.Insurance is an essential budget item to cover your liability if something happens during production and to allow you to finalize agreements for equipment rentals and locations.It also includes costs associated with film financing (bonds, bank fees) as well as distribution costs (festival submissions, publicists, marketing costs) and legal. The Miscellaneous category grows or shrinks according to the budget size because several of the items are largely based on a percentage (production company fees, insurance).When you’re getting a film ready for distribution, you will often need to invest in color, sound, and the making of deliverables. There are certain elements you can do inexpensively by editing your film or doing the temporary mix. Post is one of the most consistently under-budgeted areas.Post-Production includes all costs associated with finishing the film including editing, visual effects, music, sound mixing, color timing and making deliverables. ![]() Below the Line covers the costs of prep and production, including the camera department, locations and permits, craft services and catering, production design, wardrobe, additional talent, transportation, grip and electric, hair and makeup and production staff.Above the Line covers the Director, Writer, Producer(s) and Principal Cast.There are four main categories of any budget:. ![]() By breaking down each page into “eighths”, you can budget what’s needed for each scene and know the questions that will need to be answered.
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