Diwali 2021: Festive season is almost here. Diwali is one such festival which is celebrated with enthusiasm and happiness all over India. Usually during festivals we give gifts to our family members and friends. It is considered auspicious to make new purchases during the festive season in India. Many people wait for the festive season throughout the year for shopping. In newspapers or through social media, you will be seeing many types of offers including Big Billion Days. We often rush shopping by seeing huge discount advertisements during the festive season and end up making a mistake in this haste. Usually extra money is spent during festivals, at such times it is important to act wisely so that you do not fall into the debt trap after festivals. Here we have told you 5 smart tips through which you can make a better budget this festive season and avoid extravagance:
budget first
First of all you should make your budget. For this, first make a list of the gifts you want to buy. Get an idea of how much money you can spend during the festive season. Experts believe that by making a budget, you can understand what your limits are and how much you can spend. After making a budget, you get control over your money and expenses. That’s why this Diwali, first of all you should make a budget. This is the beginning of saving money or avoiding overspending.
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keep track of your expenses
Keep a record of whatever you spend. This is the second most important way to control your expenses during the festive season. If you do not keep track of your expenses, then there will be no point in making a budget. Try creating a separate festival fund. This will make it easier to separate festival expenses from regular, day-to-day expenses.
Keep track of your favorite brands
This is actually a great way to keep your spending within budget. Most of the brands offer various discounts during festivals. During this time you can buy good products at low prices. Many brands keep announcing offers on normal days except festivals. You can shop on normal days keeping in mind the festivals. This can save you a lot of money. However, during this time it is important to take care of your budget. Sometimes you end up buying more because of cheap products. Don’t fall into this trap.
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Avoid using credit cards
Credit card is like a boon for people in situations like financial crisis, but it is not right to spend more than the credit card limit. When you are short on money, credit cards become your first option. But this is something you should try to avoid. When you use your credit card, you think about the immediate benefits, not the future. You think you will manage somehow next month. But if you keep using your credit card without thinking like this, then the next month will never be good. This will also affect your budget.
Don’t feel bad about spending more
We spend more in emotions and then we feel bad even thinking about it. There are expenses in the festival, so there is no need to feel bad about it. However, you should avoid spending unaccounted for without thinking. You don’t need to feel bad for spending more. The better way to deal with such problems is to keep some money aside with you. So that even if you spend more during festivals, it does not affect your lifestyle or other financial goals.
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Don’t be fooled by the festive season sale
As Diwali is near, e-commerce websites are issuing various attractive offers to entice you. You must take advantage of these offers, but during this time do not buy any product just because it has an offer and it is getting cheap. Buy a product only if you really need it.
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