Diwali is just around the corner, and everyone is busy preparing their shopping lists. From festive clothes to home decorations, the list can quickly get out of hand. But don’t worry! With a few smart strategies, you can avoid overspending and enjoy the festival without stressing about your budget. Here are five easy tips to make sure your Diwali shopping doesn’t break the bank.
1. Plan Your Budget Before Shopping
The first and most important step to keep your Diwali shopping under control is to create a budget. Sit down with your family and list all the essentials. Prioritize the items based on necessity and plan how much you’re willing to spend on each. This way, when you go shopping, you’ll only buy the things you need, and your expenses will stay in check. A well-planned list helps ensure you don’t get tempted by unnecessary purchases.
2. Use Cashback Apps for Savings
If you’re shopping online, take advantage of cashback platforms to save more. Some many apps and websites offer cashback on purchases from popular e-commerce sites. According to Rohan Bhargava, co-founder of CashKaro, using these platforms allows you to collect cashback points, which can be redeemed on future purchases. So, before heading to your favorite online store, check for cashback offers to maximize your savings.
3. Compare Prices Across Platforms
With so many shopping options available, it’s important to compare prices before making a purchase. Whether you’re buying electronics, home decor, or festive outfits, check prices on multiple sites like Amazon, Flipkart, Myntra, and others. Many websites also have price tracking tools that help you find the best deals. A few minutes of price comparison can make a big difference and help you score the best offers.
4. Take Advantage of Bank Offers
During the festive season, many banks partner with retailers to offer additional discounts or cashback on purchases made with their credit or debit cards. For instance, platforms like Amazon often have tie-ups with banks like ICICI, Axis Bank, and IDFC First Bank, offering extra discounts on top of sale prices. Make sure to check your bank’s offers before making a purchase. These deals are a great way to save a little extra during your Diwali shopping spree.
5. Be Cautious with BNPL and No-Cost EMI Offers
Festive shopping also brings tempting offers like Buy Now Pay Later (BNPL) and No-Cost EMIs. While these offers might seem attractive, they can come with hidden terms and conditions that may burden you later. In many cases, customers sacrifice upfront discounts for these offers, and missing an EMI payment can lead to hefty late fees. It’s better to stick to your budget and avoid these schemes unless absolutely necessary.
By following these simple steps, you can enjoy your Diwali shopping without worrying about overspending. Stick to your budget, look for discounts and cashback, and compare prices to get the best value for your money.
