How to control extravagant expenditure during festivals
Answers
Explanation:
Festival Budget. You must start with drawing up a budget based on how much you have. ...
Shop Online. You can also choose online shopping over bricks and mortar store to avail discounts and cashback on certain purchases. ...
Borrow With Care. ...
Go For Personalised Gifts. ...
Host A Party In A Group. ...
Save For Festive Expenses.
Answer:
Expenses in most households rise during the festivals. However, these festival expenses should not leave a bitter aftertaste with you worrying about your financial health. It is best to do some thinking before you go on a shopping spree.
If you want to get all the merriment and do your duties without having to spend a fortune, here are a few financial hacks for this festive season
Explanation:
Festival Budget
You must start with drawing up a budget based on how much you have. This way you don’t have to depend on credit instruments to see through festive seasons. To avoid getting into any debt, it might be necessary to keep your shopping list short to avoid overspending. If you are not able to reduce your shopping list, you could try and cut down on other luxury expenses such as eating out or going for movies that month
Shop Online
You can also choose online shopping over bricks and mortar store to avail discounts and cashback on certain purchases. Online shopping would also save you the hassles and cost of travelling
Borrow With Care
With many banks offering zero processing charges, and discount on the interest rate for loans during the festive season, you may consider borrowing for certain consumer durable or vehicles.
Go For Personalized
Gifts are essential to a celebration and can hardly be done without. However, instead of going for a super expensive gift, go for something thoughtful. Personalized gifts are worth opting for and let you go easy on your pocket. For example, if you have a creative streak, make a painting or craft work or if you have a knack for cooking, baking cakes and cookies and gift wrap them for your foodie friends.