Expense Management in Festive Season
Festivities are amazing; Chath Puja, Dhanteras, Diwali, etc. are around the corner and we love spending money on these festivals. India being such a culturally diverse country, there are numerous festivals that we celebrate in a calendar year. In this blog, we write about expense management in the festive season so that you may be able to save your money. It’s time you start thinking about becoming a smart spender and do check our earlier blog smart living in the 21st century. Traditionally we love gifting jewelry, clothes, etc., and then puts a burden on finances. Let’s see how you can better manage your expenses in this festive season:
1. Festival Budget
First thing first, check your financial state and then set your festival budget. Keep in consideration your existing debt and prepare a list of things you are planning to buy. Make sure to check out more economical alternatives of the products you are planning to buy. You also should check out if any separate festive coupons are available. Setting a festival budget will make sure you are spending smartly.
2. Realistic Behavior
It is said, don’t keep expectations and you shall be happy. Likewise, you need to reduce your expectations and buy only things that are required. In case you have just taken a home loan, or a car loan, or any other loan, then reduce your expectations for this festive season. Act smart when you already have a tight purse at the moment.
3. Cautious Spending
When the festive season is on and you see hundreds of blingy advertisements, you get an impulse to click on that “Buy Now”. The point is to think about goals before you make that purchase. Just because it’s a festive season that does not mean that you run into debt. Goal setting is of utmost importance in becoming a cautious spender.
Here’s a short poem for you:
Hey, You! Hey, You!
Indeed, festivities are fun,
Make sure in debt you don’t run,
Think before you buy,
Or festivities will make you sigh,
Spend money on your goals,
Simply speaking become conscious souls.
-TeamWIOAI
To conclude this, all we wish to say is that don’t spend unnecessary money to buy things that are irrelevant and will hold no meaning for you or your family. In this 21st century, it is time for you to become a smart spender, or else, you shall live paycheck to paycheck.
WIO AI is a soon-to-be launching expense recommendation system that shall make sure you spend following your life goals. Subscribe now if you haven’t yet and get WIOCOINs.
Thanks!