Budget and Intro to Animation
Making a budget is pretty simple. But before I outline how to make a budget, I need to explain what I believe is the number one key concept in budgeting: A Budget is a Plan. "Budgeting" and "Planning" are synonymous.
"A budget is a plan for how you are going to spend your money"
A popular cliche applies here: "If You Fail to Plan, You Plan to Fail". When you break your budget, you are messing up your plan. When you stick to a budget, you are sticking to a plan. Which one sounds more optimistic?
A budget is often hated because people are always fighting against their budget. So what I want you to do when you "make a budget" is think of it and talk about it as a plan. Make a plan for how to spend your money and stick to your plan. I think this new point of view will help you be more optimistic, and it is certainly more empowering.
How to Make a Budget - 3 Simple Steps
Step 1: Track your Income and Expenses
Step 2: Group Income and Expenses into Categories
Step 3: Make a Budget to Live Within Your Means
Remember that your budget is your plan for how you are going to make your expenses less than your income. So, after taking the first stab at creating your budget, look at the Monthly Budget Summary table. If your Total Expenses are greater than your Total Income, the Net will be negative. In accounting, a negative value is usually represented as a red number in parentheses. In these budget spreadsheets, red is not good.
When your script is ready to move to the next level, it is broken down into a budget. In other words, everything you think you would need to make the movie, animation, commercial, YouTube, or whatever; these things will be listed in your budget with how much you have (Total income) and how much it cost (Total Expenses)
It's now time to make a budget for your story or movie! Film budgeting is an essential part of the filmmaking process. Anyone vaguely thinking of a career as a producer needs to know how to make a film budget. Since film budget software like Movie Magic Budgeting, Showbiz Budgeting, and EP Budgeting can run on the pricey side, we will create a film budget template using Excel.
After getting used to Excel you will combine the skills you learn after reading through the study and resources create a budget for everything you need, like actors, equipment, and so on for your script to be made out of a movie. This is not a big-budget movie, so your budget will be 100,000 for whatever you need.
The preperation section provides you with the elements needed to complete the requirements.
The following steps must be completed to receive the associated points for each step.
Any item marked with a * must be completed to receive a score above 0.