PEAKLIFE

The jubilation of festivities brings with it unexpected and overwhelming expenditures. With multiple events and occasions, mandatory gift exchanges, and brands offering tempting discounts, it is easy to indulge. While this is the season for spending wholeheartedly, it is also a time to reflect on the impact of our expenses – not only on our wallets but also on the environment. Here are a few small steps to be more judicious and intentional with money, and still enjoy a stellar round of festivities.

Stick to a Budget

Foresee expenses and cut down on indulgences. The most effective way to go about this is to make a shopping list, prioritise, and have some leeway for unforeseeable costs. It prevents haphazard spending and helps to resist the lure of never-ending sales. At the same time, it is a good idea to make smart use of discounts and offers to purchase items that are truly required. Keeping track on consumption is easy on the pocket and the environment.

Choose Mindful Gifts

Customized, handmade, and meaningful gifts are better than thoughtless mass-manufactured purchases. Making homemade sweets and creative DIY projects that will be cherished by the receiver, or simply gifting a good-quality utility item that will last them a lifetime, conveys deep affection. It also helps to cut down on the time and cost of gifting different items to multiple people – and cuts down on waste generation.

Make Celebrations Intimate

It is wise to opt for small gatherings over lavish parties, from the perspective of safety as well as savings. Inviting people home is a more convenient, affordable, and fulfilling experience compared to going out in groups. It allows the host to spend quality time with all the guests, creates a sense of comfort, and makes the occasion more intimate – with minimal effort. Everyone will be so busy having a good time that they will entirely forget about bursting crackers!

Now more than ever, inculcating sustainable and conscious spending habits is a necessity. So this festive season, eliminate the excesses and place more value on the essentials.