I am not an extravagant. I keep a close eye on my spendings. But there comes a time in the year when I want to splurge. We all do. Festivals are a great excuse for that! As usual, this year I was out for shopping with a long list. Old habits die hard and having a list is a much while shopping. I went 7 times to shop for Diwali. Yes, 7!
It was all good the first time. I bought many things - all useful and I didn’t care for the price. On the second day, I bought many things I liked, some unnecessary and some ‘new in the market’ - oh, I must try these! It was only after my 3rd Diwali haul, I realized I was piling bags in my bedroom and I might not use them all. It shook me as I am that ‘I stick to the list’ type of girl. So, where was I wrong? I took my list to have a close look and here’s what I found out -
Set a Budget
I had a list but I had no budget. Even with splurging we need a budget. We shouldn’t max-out our credit cards. And we shouldn’t exhaust our money on unnecessary items. After a careful analysis, I set a budget for everything. Everything, including spontaneous purchases. It’s important to have a budget on holidays. Allocate money for gifts, home decor, food, parties, and also for festive indulgences. Don’t let the pressure of staying within the budget takes away the fun.