Diwali is one of the few festivals we all celebrate with full enthusiasm. And why not? After all, this is the time for happiness, joy and of course, shopping! From buying gifts for loved ones to decorating your home, we all indulge in a lot of activities. But to enjoy shopping and buying gifts, we need to use our funds wisely. In this article, we will talk about six simple tips to help you manage your money during Diwali shopping. You will also learn how to apply for a CASHe instant personal loan for shopping if you need extra funds.
Tips to Manage Finances for Festive Shopping
1. Set a Realistic Budget
Before you start your Diwali shopping, it is important to set a budget. So, make sure you think about how much money you can comfortably spend without disturbing your finances. Next, write down everything you are planning to buy like gifts, decorations, and clothes, and set a limit for each item. Once you have a clear budget, you will be able to control your spending and avoid overspending. It is one of the best tips on how to budget for festive shopping.
2. Prioritise Your Purchases
When you make a shopping list, not everything is equally important, right? So, focus on the things you need the most like gifts for close family and friends. Once you have bought the essentials, you can move on to other things if you still have money left. By prioritising your purchases, you can do your festive shopping on a budget without buying unnecessary items.
3. Take Advantage of Festive Discounts and Sales
During the festive season of Diwali, many stores offer big discounts and sales. Keep an eye out for these deals, whether you are shopping online or offline. You can compare prices, use coupons, and check for cashback offers to help you save a lot of money. Shopping during these sales would allow you to buy more while staying within your budget.
4. Avoid Credit Card Debt
One of the best festive shopping tips to manage your finances is avoiding credit card debt. It is easy to swipe your credit card when you shop. However, make sure you are careful. If you rely too much on credit, it can lead to a debt trap. So, if you do use your credit card, make sure to repay the amount as soon as possible to avoid high interest charges. If you are unsure about repaying, it is better to avoid using your card for non-essential purchases.
5. Plan for Gifting and Shopping in Advance
One of the best ways to save money on festive shopping is to plan in advance. So, start thinking about your shopping list a few months before Diwali. This would give you enough time to save money and you would be able to avoid rushing at the last minute. You can also take advantage of pre-festive sales and buy things when prices are lower.
6. Consider a Personal Loan for Festive Expenses
If you are planning to make bigger purchases, like electronics or furniture, or if you have a large shopping list, you can also consider a personal loan. A personal loan for shopping can help you cover your Diwali expenses without indulging in credit card debt. Lenders such as CASHe offer quick and easy loans for covering festive expenses. However, just remember to borrow only what you can comfortably repay.
Also Read : How To Upgrade Your Home In Diwali Even If You Are Running Out of Cash
How to Apply for a CASHe Instant Personal Loan
If you are looking for a loan for shopping this Diwali, here’s how you can apply for a loan and get your funds instantly with CASHe:
- Download the CASHe App
- Sign up and complete KYC
- Check loan eligibility
- Select loan amount and tenure
- Submit the loan application
- Wait for approval
- Receive instant funds in your bank account.
Conclusion
So, if you wish to enjoy Diwali without stress, then make sure you follow the above-mentioned festive shopping tips to manage your finances smartly.
If necessary, a personal loan from CASHe can provide you with the extra funds to cover your festive expenses. CASHe is here to offer instant personal loans with flexible repayment options and competitive interest rates.
Download the app today and have a worry-free Diwali!
