The festive season has
begun and it’s time to celebrate Diwali with sweets, gifts, purchases, crackers
and lots of happiness. This festival brings families together and people not
only enjoy to their heart’s content but also spend in the same manner! We have
no control over our expenses and it is only once Diwali is over do we realise
the pinch in our pockets.
We list some simple tips which will help you curb expenses during this season without taking away its excitement and grandeur:
1. Prepare a detailed list:
This should be your foremost step before you start shopping for Diwali. Majority of individuals hesitate to do it but making a realistic list is the best way to get a rough picture about the amount of money which will be needed. Invest 30 minutes of your time and note down names of people who would be given Diwali gifts, shopping expenditure, any renovation to be done in the house, vacations, domestic salaries including bakshish and the corresponding amount required. Adhere to this list sincerely.
2. Use your credit/debit cards wisely:
These modes of payments are an individual’s best friend during Diwali shopping! We shop and swipe without even realizing the huge bills these cards will generate. The best way to restrict expenses is to leave your cards at home and carry cash. In case you are out of money, you can always withdraw some from the nearby ATM. For those who can’t do without plastic money should take cards which have lower credit limit or less balance.
3.Do smart shopping:
Whether online or offline, many brands offer tremendous discounts/offers during the festive season. You can save a lot of money by availing these offers. However, you should always compare the prices quoted by different retailers so that you can save maximum money. Banks too come up with attractive schemes for their credit/debit card customers. Keep a watch on promotional e-mails, text messages which we normally ignore and turn into a smart shopper.
4. Keep the larger picture in mind:
Diwali is no doubt a festival where you desire to shop for your favourite merchandise. Nonetheless, you should not purchase goods which you are not going to use or don’t require. For example, you may not require a new washing machine for the next 1 year at least but it’s being offered at jaw-dropping prices so you buy it. The same money can be used to purchase other important things such as sweets or lights.
These guidelines are simple to follow and will surely help in controlling unnecessary expenditure during the festive season. Moreover, Diwali is not just about splurging, it is more important to experience memorable times with your family and friends.
Source : Axis Mutual Fund
We list some simple tips which will help you curb expenses during this season without taking away its excitement and grandeur:
1. Prepare a detailed list:
This should be your foremost step before you start shopping for Diwali. Majority of individuals hesitate to do it but making a realistic list is the best way to get a rough picture about the amount of money which will be needed. Invest 30 minutes of your time and note down names of people who would be given Diwali gifts, shopping expenditure, any renovation to be done in the house, vacations, domestic salaries including bakshish and the corresponding amount required. Adhere to this list sincerely.
2. Use your credit/debit cards wisely:
These modes of payments are an individual’s best friend during Diwali shopping! We shop and swipe without even realizing the huge bills these cards will generate. The best way to restrict expenses is to leave your cards at home and carry cash. In case you are out of money, you can always withdraw some from the nearby ATM. For those who can’t do without plastic money should take cards which have lower credit limit or less balance.
3.Do smart shopping:
Whether online or offline, many brands offer tremendous discounts/offers during the festive season. You can save a lot of money by availing these offers. However, you should always compare the prices quoted by different retailers so that you can save maximum money. Banks too come up with attractive schemes for their credit/debit card customers. Keep a watch on promotional e-mails, text messages which we normally ignore and turn into a smart shopper.
4. Keep the larger picture in mind:
Diwali is no doubt a festival where you desire to shop for your favourite merchandise. Nonetheless, you should not purchase goods which you are not going to use or don’t require. For example, you may not require a new washing machine for the next 1 year at least but it’s being offered at jaw-dropping prices so you buy it. The same money can be used to purchase other important things such as sweets or lights.
These guidelines are simple to follow and will surely help in controlling unnecessary expenditure during the festive season. Moreover, Diwali is not just about splurging, it is more important to experience memorable times with your family and friends.
Source : Axis Mutual Fund
