How do I know how much money I need when running for office?

    Published: 06-16-2009
    Views: 8,639
    Political and public affairs analyst Ron Faucheux gives advice for people running for elected office, including how much money you will need when running for office.

    Host: How do I know how much money I need?

    Ron Faucheux: One of the most important things about getting a political campaign started is to have a budget and to figure out how much money it is going to take to run for office and then to figure out how much money you are going to have to raise and when you are going to have to raise it. I have always advised people to make a list of all of your possible contributions from every possible source, the absolute minimum and absolute maximum you may get from each source. Take the minimum, divide it by 2 and that's about what you can expect. So you need to be realistic about how much money you are going to get.