Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from Seaworthy and more videos in the Film Production category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com Producing your first movie is difficult enough without running out of money halfway through. Reduce the chances of that happening with these budgeting tips. To complete this How-To you will need: Some initial investment The names of potential investors The director’s cooperation A financial ledger A ruthless attention to detail Step 1: Plan an ideal budget Sit down with the director and plan out an ideal movie budget. It doesn’t have to be too detailed. Tip: A budget is typically divided into four cost sections: talent, production, post-production, and miscellaneous. Step 2: Cut the ideal budget in half Now, tell the director you want to slash the budget in half. He’ll probably be furious, but it’ll help him think in terms of dollars and cents. Tip: Hiring film students, shooting digitally, and using unknown actors and cheap locations will bring down the budget. Step 3: Explain all expenses Make the new, cheaper budget include explanations for every single penny the director intends to spend. This version of the budget should be dozens of pages long. Step 4: Delegate the initial investment Delegate the initial investment. Ideally …