Diwali is peeking from behind the calendar, and this month, it's time to sprinkle some budgeting magic in the air! 🪄✨ In this festive edition, get ready for double the fun, double the tips, and double the budgeting wisdom because Niyati is also joining me in the attempt to make your finances sparkle brighter than ever before! 🌟💰 Before we turn you into savvy spenders, grace us with some insight…
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Now here’s what’s in store for you:
Market performance & the Indian economy
Festive Finances 101
Binge of the month
What’s not to love!? Don’t miss it!
🤨 ‘Sup with the market
Bulls charged ahead on Dalal Street as the Nifty and Sensex, after a two-week slump, surged nearly 1 percent on November 2. The market celebrated the US Fed's decision to maintain steady interest rates, easing the risk-off sentiment in domestic equities. Despite global markets mostly bearing a bearish trend, the Indian rupee strengthened, climbing 8 paise to $83.20 against the US dollar. There's optimism that Foreign Institutional Investors (FIIs), who were consistent sellers in October, might turn into buyers.
While the stock market showed resilience, onion prices are skyrocketing, reaching unprecedented heights. As the upcoming festivities approach, there's anticipation for a surge in the price of produce and other necessities.
Festive Finances 101: Your Diwali Spending Guide
It's effortless to get lost amidst the bedazzling festive lights and fall into spending way more than you can before you know it.
Say no more, I hear you!
But there's always a mindful way of shopping that transcends the dazzle of materialism. So here are 3 tips to shop right around the festive season:
💰 Budget Like a Pro: Set a clear budget for your festive shopping and stick to it like glue! It's easy to get carried away with all the tempting deals, but having a budget ensures you don't overspend and have regrets later. List down what you need and allocate a specific amount to each item or category. This way, you can enjoy the festivities without worrying about your wallet.
🚫 Borrowing is a strict No-No: Why let fleeting moments cost you a fortune? Avoid borrowing; instead, get creative! Festivals return every year, and if you can't have a flamboyant one this year, jugaad your way through it. Because, let's face it, would you have fun knowing you'll be in debt in the long term? Not really. Remember this as a ground rule: Only borrow to build your wealth, NEVER to splurge.
SPOILER ALERT: Niyati has a noice write-up on gifting 🎁 below 👇🏼 Scroll to read!!
💳 Don't leave money on the table: The festive season is synonymous with discounts and special offers. Keep your eyes peeled for deals, both online and offline. Many stores and online platforms offer exclusive discounts during this time. And hey, don't forget about those magical credit card reward points – they can turn your shopping dreams into reality. Plus, Diwali brings a shower of cashback and special offers. It's like a shopping paradise out there – dive in and make the most out of those sweet deals!
Okay, I watched Koffee With Karan, I am guilty as charged! Honestly, there wasn’t much time for me to catch up on anything else, but I thoroughly enjoyed the episode. I mean there’s Ranveer! 🔥 Can it BE any clearer that I have to watch? (RIP Mathew Perry 🥹, you are very dearly missed!)
📌 Sensible Gifting for Happy Pockets ft. Niyati Thaker
For me, Diwali is incomplete without the pretty lights, an overdose of sweets, and my favorite part: GIFTS! But that's never good news for my bank accounts and credit cards :( So, this Diwali, let's unwrap the secrets of smart gifting, ensuring that your presents are heartwarming without being heavy on your pocket
😱 Put away the pressure: Diwali festivities often come with expectations of grand gifts. Don’t succumb to social pressures; stay true to your budget. Genuine connections are not measured by the price tag of your gifts but by the sincerity of your gestures.
🫶🏼 Make your Gifts: Get creative with your gifts this year! Handmade gifts add a personal touch without breaking the bank. But more importantly, they hold a ton of sentimental value that no store-bought gift can evoke. Personalize your gifts based on the recipient's interests or needs.
⏩ Skip cards & perishables: Cards and mithai might seem like a nice touch but most of us get an overwhelming amount of those around Diwali. They simply add to the cost, only to end up in the bin or with someone else (LOL! Everyone regifts!) Instead, invest in lasting gifts that hold value beyond the festive season.
Do you like what you’re reading?
🍸 Cocktail Pe Charcha
Is it too overwhelming to research & plan your investment? Say no more, we can personally guide you into mixing the perfect financial cocktail to manage your money!
This Diwali, may your budget be your greatest ally, leading you towards not just a well-celebrated festival but a financially feasible one too!
Let your decisions be like those carefully chosen 🪔 diyas, illuminating your path with the glow of financial sagacity. Every rupee saved is an investment in your peace of mind, paving the way for a future filled with abundance and security.🎉🤝💰
I'll write to you soon!
Here's to a Diwali illuminated by smart choices! 🪔✨💸
