5 ways to save money during festive season

The festive season is a time for joy, laughter, and creating beautiful memories with loved ones but can also put a serious hole in your purse if you’re not careful.

As much as you want to celebrate, there is a need to do things moderately so you don’t go broke after the season.

Here are 5 practical and effective ways to save money during the festive season without feeling like you’re missing out:

1. Set a Strict Budget (and Stick to It)

Before the season starts, decide exactly how much you can afford to spend on gifts, decorations, food, travel, and parties. Divide it into categories and use cash or a separate “festive” account so you won’t overspend.

2. Make a Gift List Early & Hunt for Deals

Write down everything you need to buy, set a limit and start shopping during pre-festive sales (Black Friday, Big Billion Days, Amazon Great Indian Festival, etc.). to get cheaper things for easy spending.

3. Go for Homemade Gifts

People often appreciate thoughtful, low-cost gifts more than expensive ones:  Bake cookies or make spice mixes in pretty jars 

Create a photo calendar or framed picture 

Offer a “coupon book” for babysitting, car washing, home-cooked meals, etc. 

Host a potluck dinner instead of eating out.

4. Pay with cash

Unlike debit cards, which can feel like you’re not spending actual money, cash makes you more mindful of your budget.

There’s a feeling that comes with giving out cash, and watching the money you reduce makes you feel more mindful of your budget. 

5. Cut Down on Decorations & Festive Food Costs  Reuse last year’s decorations.

Buy non-perishables (snacks, drinks, dry fruits) in bulk early when they’re cheaper 

Host “bring one dish” gatherings instead of cooking everything yourself 

Skip expensive outings and organize game nights or movie marathons at home.