Brighten up This Festive Season On A Budget of 50,000/- – Part II

Brighten up This Festive Season On A Budget of 50,000/- – Part II

With an ongoing pandemic, imagining grand festive parties may be out of the question. Yet Diwali has traditionally been a period of consumption boom – gifting friends and family, choosing from attractive shopping offers, refreshing household items – an auspicious time to make that big-ticket purchase you have been saving up for.

As we covered in the previous blog of this series, if you are creative and cautious about the budget, you can have a great festive celebration without burning a hole in your pocket. With low-interest instant and long-term cash loans of up to INR 50,000 from True Balance for example, you can make the most of this Diwali season. Here’s a brief guide to help you prioritize your budget if you haven’t.

Pro-budget tips under 50K

Start by putting your shopping needs into four buckets – ‘highly important’, ‘important’, and ‘somewhat important’. This will allow you to put items under each list with a price tag. Let us see how that pans out for average purchases during the festive season:

Highly important: These are typically high-cost items which are preferred for low average price tags during sales season:

  • Smartphones, gadgets and accessories – INR 11,000 – 15,000/-
  • Home painting, furnishings and furniture including beds, tables etc. – INR 5,000 – 30,000 /-
  • Refrigerators and washing machines – INR 13,000 – 20,000/-
  • Jewellery, Digital Gold – INR 100 – 20,000/-

 Important: These are also typically high-cost items which are often unplanned, yet preferred for low average price tags during sales season:

  • Television, smart TV, etc. – 20,000 – 30,000/-
  • Air coolers and conditioners – 10,000 to 50,000/-
  • Laptops – 30,000 to 50,000/-

Somewhat important: These items can range anywhere from low to high cost, preferred for auspicious times such as kitchen appliances, watches, shoes and clothes, two-wheelers and cars etc.

Your greatest wealth for a fun celebration of the festival of lights!

Safety is always first when celebrating with fireworks or crackers, even more so when there is a chance of catching/contracting the COVID-19 virus. The greatest wealth of course, is your health. A creative mind is all you need to make this ‘contactless’ festive season enjoyable. Perhaps this year is all the more reasons to keep the light of hope and joy shining in our lives by keeping old traditions alive in new ways, and without forfeiting our health.

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