This Diwali, burn crackers, not a hole in your pocket!
Diwali is here along with its oh-so-good celebration vibes. It is that time of the year when everyone is in a festive mood and everything is about shopping for this, that, and more. However, amidst all this free-flowing celebration, we are here to remind you to not stop being responsible towards your finances.
So, whether you are here by accident or were actually looking for ways to plan Diwali on a budget, here are a few things you can do to have fun without burning a hole in your pocket:
- Be mindful of your expenses
The number one rule of financial responsibility is to know what you absolutely need and what you can do without. But let’s be honest, Diwali celebration is a big deal for most people, and it can get a bit out of hand. So, our advice is: make a list of all your to-go expenses beforehand whether it is for renovating your house, buying crackers and sweets, shopping for gifts, family gatherings, or providing a bonus for the house help.
The idea is to assign a budget limit to each section and stick to it. Also, look for the sellers who offer festival discounts on the items that you are looking for. This way, you will be able to take care of all the important things, and not feel overwhelmed or financially burdened afterwards.
- Do not rely too much on credit
We get it; the purpose of a credit card is for you to be able to purchase things as and when you want it. However, if you keep swiping your credit card at will - for just about anything and everything without tracking your expenses, it can leave your finances more vulnerable than before, not to mention the added stress of paying back credit.
So, even if you are planning to make a few purchases using your credit card, it is best that you stick to your budget and track your expenses, so you only spend on what is absolutely necessary.
- Avoid last-minute purchases
It is no news that if you leave everything for the last minute, you will only end up being stressed out and not have enough time to actually manage things. Additionally, the prices usually go unbelievably high prior to and during the festivities due to high demand. So, make sure that you finish shopping for your Diwali gift and party essentials at least a week before.
- Go Green
We understand that it can be hard for some enthusiastic people to not burn crackers. So, if you buy crackers, try and keep them to the minimum. Although, if you can do without the crackers, it’s the best! Not only will it help your finances, but also the environment.
It is smarter and responsible to stick to a budget and manage your expenses. Diwali is all about having fun and revisiting your family and friendship values. Here’s emphasizing those aspects while planning about throwing a luxurious party.
