If you are an independent filmmaker like Jason Murphy, you must be able to budget accordingly for all your movie productions. But how can you budget for your movie production? How much money do you need? Movie budgeting can be complex. In fact, it is something that must be divided into four categories that include pre-production, production, post-production, and distribution and marketing. When you divide your budget into these categories, it will be easier for you to understand just how much you need for production. Even if you are making a $1,000 or $1,000,000 film, you will generally have to put some money into each of the named categories.
It is important to understand that the whole budgeting process has very important external and internal purposes. The budgeting process sets the roadmap for all decisions you will make regarding your film. For instance, if you will be making your independent film on a limited budget, certain components will have to be eliminated. You will have to film your movie locally simply because your budget is not enough to facilitate travel costs and other expenses that will not appear in the final edit. One trick most independent filmmakers use to ensure they stay on budget is to produce horror or science fiction films.
For example, Jason Murphy is an independent producer, director and VFX artists who has mostly produced horror films. His first feature was a 2008 zombie film called Zombies! Zombies! Zombies! The overall budget for this film was only $500,000 and his other subsequent films have been produced on low-budgets. But one thing to understand is that technologies are changing and film producers are becoming more creative. The horror and science fiction genres today are laden with many effects that low-budget horror and science-fiction films have almost disappeared. But regardless, you must budget accordingly if your film is to become a success.