What are the common mistakes in grant budgeting?

What are the most common mistakes people make in grant budgeting?

Some common mistakes include underestimating costs, failing to include indirect costs, and not allowing for contingencies.

Can you explain why indirect costs are often overlooked?

Indirect costs can be complex and are sometimes seen as less critical, but they are essential for covering overhead expenses.

What should I include in a contingency budget?

A contingency budget should cover unexpected expenses, typically around 5-10% of the total budget, depending on the project.

How can I avoid these mistakes in my next grant application?

To avoid mistakes, thoroughly review guidelines, consult with financial experts, and use budgeting templates.