What are some common expenses that people often overlook when budgeting?

When creating a budget, it's important to consider all expenses, including those that may be overlooked. Some common expenses that people often forget to budget for include:

Irregular expenses: These are expenses that occur annually or semiannually, such as car registration, insurance premiums, or property taxes.

Subscriptions and memberships: Monthly subscriptions to streaming services, gym memberships, or magazine subscriptions may not seem significant, but they can add up over time.

Personal care: Expenses such as haircuts, beauty treatments, and personal grooming products are often forgotten in a budget.

Entertainment: This includes expenses such as dining out, going to movies or concerts, and hobbies.

Gifts and celebrations: Birthdays, weddings, holidays, and other celebrations can be expensive, but are often overlooked when budgeting.

Transportation costs: In addition to the cost of owning and maintaining a car, expenses such as parking fees, tolls, and public transportation costs should be considered.

Home maintenance and repairs: Expenses such as replacing appliances, repairing leaks, and maintaining a lawn can be costly, but are often forgotten in a budget.

Medical and health expenses: Costs such as doctor's visits, prescription medications, and health insurance premiums should be factored into a budget.