5 Money Mistakes To Steer Clear Of This Diwali

  |   21 October, 2014   |   646   |   3980

The festive season means excitement, celebrations, indulgences, card parties, sweets, and of course tons and tons of shopping. Many people had started saving for their shopping spree months ago, and plan to splurge on gifts for themselves, their friends and families, and also on household appliances and lots more. In such a scenario, when it's extremely easy to get carried away, we offer advice and suggest which five money mistakes you should steer clear of during the festive season.



Avoid aimless shopping



You have a Sunday afternoon to kill, so what do you do? You head to the mall. And what you didn't know that the mall is on sale! Hooray, right? Wrong. If you have nothing specific to purchase, or just headed to the mall or browsed through an online shopping website in search of a killer deal, you might end up spending more than you initially intended to. The best way to ensure that you are in control of your money, and the situation isn't the other way around, is to make a shopping list. This gives you focus and manages to cut down any impulsive buying significantly. A list will also help you put an estimate on things you're about to buy and plan your purchases accordingly. And of course, once you have made your list, it is important to stick to it, come hell or high water.