New Delhi, July 31 -- When it comes to financial planning, everyone has their two cents to contribute, but often the advice can be misleading or end up doing more harm than good. Most people tend to make the same money mistakes. We tell you what these mistakes are so that you can steer clear of them and what you can do to prevent yourself from falling into the same trap.

Failing to make a budget The most obvious mistake is to not adhere to a budget. Given the consumption-driven environment, it's easy to fall into the trap of wanting more than you can afford, whether it is a luxury car or the latest smartphone. This is one of the main problems Deepali Sen, certified financial planner and founder partner of Srujan Financial Advisers LLP, enc...