A budget is important for a magazine as it helps manage money wisely and ensures the publication runs smoothly without financial problems. Producing a magazine involves many cost such as printing, costumes, makeup, camera and studio equipment, etc. A budget helps plan these expenses in advance, to prevent overspending and ensure there is enough money for all the elements.
It also helps to set a realistic goal based on available funds and track whether the magazine is making a profit or a loss. James Curran and Jean Seaton’s “Power and Media Industries” theory points out that the media, including the magazine industry is controlled by a small number of large conglomerates primarily driven by the pursuit of profit and power. The theory suggests that the drive for financial success often takes precedence over creativity, resulting in a narrowing of and a reduction in content diversity
Even though my magazine required almost no budget, as I already had most of the materialistic goods, I wanted to know what the total sum of making this magazine would have costed if I didn’t have any of these materials.
I did this by creating a chart on google sheets of the categories of cost, the cost and a photo of the product
Chart
After calculating the total it came to an astonishing amount of 6329.34 lei which is 1265.84 Euros
Reflection
One problem I got while making this post was the fact that I had to research a lot to find the exact or similar clothes used cause they were not my clothes and hence I did not know where they were originally bought from. Also because some of them where hand tailored and custom made, I had to look for dresses that were similar to them. Hence, this was very time consuming
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