From the course: Pro Video Tips

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36. Four common budgeting mistakes

36. Four common budgeting mistakes

From the course: Pro Video Tips

36. Four common budgeting mistakes

- When it comes right down to it, budgeting is an exercise in guesswork. But there's a big difference between blind guessing, as in the lottery and educated guessing, as in the stock market. Nobody knows what lottery ball will pop up but with stocks, you can see certain things coming if you know what to look for. It's the same with indie film making. So here are some things to look out for when trying to balance your film budget. Number one, excluding or discounting items you hope to secure. Your roommate's boyfriend is a camera operator for a production house and while you're out for drinks one day, he says he can get you a free Arri Alexa for a weekend but a week before production he has no idea what you're talking about and says he can't do it. The principal of an elementary school said you can shoot there for free but the day before the shoot, the school board president calls you demanding $500 a day for a location fee. These are what I like call phantom freebies and they can…

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