00:00How much do you normally spend on groceries or utilities?
00:04You would be able to give a fairly accurate estimate of these expenses.
00:08But if I were to ask you how much do you plan on spending on unexpected expenses, like planning
00:13for a party, fixing your car or paying a hospital bill, you wouldn't be able to give an accurate
00:18expense estimate.
00:21But why is that?
00:23The primary reason that planners say is that you view these costs as exceptional or one-off,
00:29and you don't see it repeating.
00:31But what is observed is a lot of these costs re-occur, and hence you can plan for them
00:36accordingly.
00:37There are more such mistakes that you can plan for and which can help you budget better.
00:42You can read more about them online.
