How To Celebrate A Financially Prosperous Diwali
Diwali, the festival of lights, symbolizes prosperity, the triumph of good over evil, and the beginning of a new financial year. In India, Diwali is an auspicious day across several religions.
In Hindu mythology, the day of Diwali signifies the return of lord Rama to Ayodhya after defeating Ravana and an exile of 14 years. Sikhs celebrate Diwali to mark the day Guru Hargobind Singh returned to Amritsar after his release from prison.
Jains consider Diwali sacred as Lord Mahavir, the 24th Thirthankara of Jainism, attained Nirvana on the same day.
Above all, India celebrates Diwali to welcome Goddess Lakshmi into their homes for good fortune and a prosperous life.
This Diwali, let us be financially responsible and make this festival extra special!
How To Manage Finances Wisely This Diwali?
Diwali offers a fresh start and symbolizes new beginnings. While Diwali lights up our homes and hearts, it can make one’s wallet go dark. Here is how you can make this festival of light a truly prosperous one by spending less from your pocket!
Start Your Preparations Early
Diwali prep must start well in advance. Since Diwali comes once a year, it is important to plan and budget accordingly. Make a list of all the items you need and start buying them gradually. Include shopping for clothes, crackers, home renovation, gifts, sweets, and more in the budget as it will help you to track your finances efficiently. Cut costs wherever necessary.
Likewise, to get the best returns, one must plan and invest early.
Clean Your Home & Portfolio
Decluttering homes is a crucial aspect of Diwali. As the festival approaches, families begin their yearly ritual of deep-cleaning their homes to get them ready for Diwali.
Similarly, assessing your existing financial circumstances is a smart place to start when it comes to managing money. Make a list of all your assets and deficits. Understand whether the current investments align with your future and financial goals. There might be some investments that might not be working in your favor. Repurpose those investments to align them with your vision.
Make An Extensive List
Festival time means making a list of everything, from decorations and sweets to gifts. Not only does this help organize your budget, but it also allows you to plan ahead. This can save you a lot of money in the long run. This will prevent you from overspending on unnecessary goods and help you gain control over your finances.
DIY Gifts, Decorations & more
Gifts, decorations, and sweets – Diwali is incomplete without them. Additionally, they are something we spend the majority of our money on. While most believe it is easier to buy them, Doing-It-Yourself can help you save a lot and will give you extra family time.
Gather your family members and brainstorm ideas. Purchase the raw materials required to bring those ideas to reality. However, you must first ensure to not strain yourself too much.
Since Diwali is a festival of good fortune, you can give your family financial gifts to secure their future!
Shop for Online Deals
The holiday season means holiday sales!
E-commerce platforms provide several attractive offers during the festive season. Keep an eye out for good deals and save more by shopping online for deals. The same product can cost a lot less on a different e-commerce site.
Financial Lessons From The Festival Of Lights
Diwali is a time to celebrate the light that is already in our lives and welcome new beginnings with open arms. Spend this time with family and embrace the joy of giving. Enjoy the Festival of Lights by taking advantage of the special discounts and offers available. Make the most out of the festive season.
While crackers have become synonymous with Diwali, they are a nuisance and cause noise pollution. Avoid bursting crackers and light up your home to welcome the Goddess of fortune with clay diyas.
Overspending on trivial things will provide you with momentary happiness but burn your wallet by emptying your savings. Instead, this Diwali, let us understand the true meaning behind the festival and make space for light and love in our lives.
Conclusion
Diwali is a joyous occasion filled with laughter, love, and life. It celebrates prosperity, beginning anew, and the ultimate victory of good over evil. While the festival calls for extravagance, it is important to remember to be more mindful of your finances by planning ahead to ensure that you can enjoy the festivities without worrying about your finances.
Loans at 0% interest? It is possible with moneyview personal loans! This Diwali, get a chance to avail a personal loan at 0% interest. Download the app and apply now. T&C apply.