Dussehra 2023: 4 simple ways to avoid overspending during festival celebrations
personal loans, and more. The festival season translates into an opportunity to indulge in shopping extravaganzas. With the abundance of enticing online shopping offers and promotions, it’s effortless to find ourselves tempted to exceed our planned budget.
Rampant shopping can, however, put a dent in our finances, thus, prompting the need to put a check on your expenses. There are many ways in which you can rein in the money that is spent during the festive season. These include: Establishing a budget is the primary and most crucial stage in holiday season shopping.
By defining a budget and adhering to it, you can steer clear of extravagant spending and guarantee that you retain sufficient funds to meet other financial obligations, including rent, utilities, and groceries. First, list your income and expenses. Calculate your overall income and expenditures.
This step will assist you in ascertaining the funds at your disposal for shopping. To gauge your total income and expenses, commence by collecting your latest pay stubs, bank statements, and credit card statements. After obtaining this data, begin categorising your income and expenses.
After organising your income and expenses into these categories, you can sum up the figures within each category to approximate your overall income and expenses. The holiday season is frequently associated with lavishness, yet it’s essential to recognise that you can relish the celebrations without depleting your finances. Concentrate on the aspects that hold the most significance.
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