Diwali is one of the biggest festivals in India, and it is a time for celebration and joy. However, it can also be a time of financial stress for many people. The cost of buying new clothes, gifts, and sweets can add up quickly. If you are worried about facing financial stress during Diwali, there are a few things you can do to celebrate without breaking the bank.
It is important to be realistic. Don’t feel pressured to spend more money than you can afford. It is also important to stick to your needs. This may mean saying no to some things, but it will help you avoid financial stress in the long run.
Plan your budget in advance
One of the best ways to avoid financial stress during the festive time is to plan your budget in advance. Make a list of all the expenses you expect to incur, such as the cost of new clothes, gifts, sweets, and decorations. Once you have a list of your expenses, you can start to budget your money accordingly.
Also Read: What to do before buying gold this festive season
Check Discounts and Offers
The cost of goods and services tends to rise closer to Diwali. If you shop early, you can get better deals. Before you buy anything, compare prices from different stores. You can also check online retailers for the best prices. There are many offers and discounts and coupons during Diwali. Be sure to check the newspapers and websites of your favourite stores for the latest deals.
Adhil Shetty, CEO, Bankbazar.com, says, “As festivals approach, demand for certain goods and services tends to surge, leading to price hikes. By making your purchases in advance, you can avoid paying inflated prices and potentially save a substantial amount.”
Celebrate with friends and family
One of the best ways to celebrate Diwali without breaking the bank is to celebrate with friends and family. You can host a potluck dinner, play games, or simply spend time together. Celebrating with loved ones is a great way to enjoy the festival without spending a lot of money.
Avoid unnecessary expenses
There are a number of unnecessary expenses that you can avoid during Diwali. For example, you don’t need to buy new clothes for everyone in your family. You can also avoid buying expensive gifts for everyone. Instead, you can focus on buying gifts for your closest loved ones.
Don’t feel pressured to keep up with others
People often feel like they have to spend a lot of money on new clothes, gifts, and decorations in order to impress their friends and family. However, it is important to remember that everyone has a different budget. Don’t feel pressured to spend more money than you can afford.
Shetty adds, “Last-minute shopping can be stressful and chaotic. Planning ahead reduces stress, allowing you to enjoy the festivities without the pressure of hurried purchases.”
Diwali is a time to celebrate the victory of good over evil and light over darkness. Focus on the true meaning of the festival and don’t get caught up in the financial mess that can hamper your budget for a longer period.
