9 money management lessons to learn from 9 days of Navratri

financialexpress.com:

Navratri is more than just a religious observance; it is a vibrant, nine-day festival celebrated with zeal and fervour. It is a representation of the triumph of right over wrong, of light over darkness, and of knowledge over ignorance. There is an overarching theme of reflection and spiritual development as devotees immerse themselves in prayers, dances, and fasts.

The festival offers a distinctive viewpoint that goes beyond the spiritual world, despite its deep ties to religious and cultural narratives. Surprisingly, Navratri offers a wealth of information about wealth and money management, drawing comparisons between time-honoured customs and contemporary financial methods.

Just as we set intentions for the festival, our financial journey should begin with well-defined goals. What milestones do you envision for the next year, five years, or even a decade? By framing your goals as Specific, Measurable, Achievable, Relevant, and Time-bound, you lay down a clear roadmap for success. Delve into your past financial behaviors, analyze patterns, and use these insights to forecast and track your progress. This data-driven approach ensures you’re not just dreaming, but planning for success.

The second day emphasizes discipline. In the same vein as algorithms, which operate consistently without being swayed by emotions, you should manage your finances systematically. This involves crafting a budget, religiously sticking to it, and resisting the allure of impulsive spending. Consider it akin to following a tried-and-true strategy for your expenses, ensuring every penny is accounted for and serves a purpose.

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The third day centres on focus.