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Tata Capital > Blog > Personal Use Loan > Dussehra Festival 2023: Plan Your Finances Better with Festive Loans

Personal Use Loan

Dussehra Festival 2023: Plan Your Finances Better with Festive Loans

Dussehra Festival 2023: Plan Your Finances Better with Festive Loans

With Dussehraright around the corner, the three-month-long festive season of 2023 will commence soon. And as soon as the festivities begin, retailers come out with the highest discounts that help families splurge during these months. In fact, online retailers in India are expected to garner cumulative sales of $6.5 billion in a few weeks, even with the ongoing Covid-19 pandemic!

However, balancing all the extra spending with sound financial planning is vital. So, here are a few financial planning lessons to magnify your celebrations this Dussehra.

Decide a budget

It is common to splurge excessively during festivals. The resources of every family, however, are limited. One cannot spend beyond their income on festival gifting or shopping. Hence, establishing a budget beforehand can be a natural solution to overspending.

Consider all your basic needs and long-term commitments and establish a particular budget for the festive months. Further, weigh the festival budget against your expected income in the next few months. Remember, festivals are an annual affair in India. So, you must prioritise your ongoing financial commitments while deciding the budget.

Plan the festive calendar

Like gifts and shopping, plan your social calendar. Typically, there are three significant expenses during festivals—gifting, get-togethers, and shopping. But since the pandemic is still ongoing, it is better to avoid huge social gatherings and get-togethers during the Dussehra festival 2023.

As for the gifting, make a list of all your friends and relatives and decide the gift items as per your budget. Before shopping, segregate the items on your wish list into high-priority and low-priority.

After considering the discounts, press the buy button only if you can fit all the items in your budget. Suppose the cost exceeds the budget, strike off the low-priority items and buy only the high-priority ones.

Save, Save, Save

The season of festivities is long, and the prudent step would be to start saving from the beginning of the year. This way, you can use the extra savings during this time. Even if you have not saved much, you can add a larger proportion of festive bonuses to your budget. While saving, budgeting, or spending for the festival, focus on regular expenses and long-term financial planning. It is not advisable to cut back on regular commitments or divert funds from long-term savings to spend on festive shopping.

Additional Read: 5 Financial Scenarios in Which you should Opt for Personal Loan

Dussehra - Plan your finance with Festive Season Loans

Go online!

India is dominated by brick and mortar stores, but if you want to spend less, opt for online retailers. E-commerce companies generally offer high discounts during festivals. Besides, online shopping is relatively faster, cheaper and more convenient. One can get the best deals by comparing products from different websites. Also, the tie-up of online retailers with various financial players is of great help. One can get additional discounts on personal loan offers with select financial institutions, leading to considerable savings.

Make smart choices

Financial planning is not just about saving but also prioritising investments. If you can save right now and spread the expenses over time, why not opt for it? Sometimes, using personal finance makes more sense than making a big-ticket purchase in one go. Moreover, the exciting offers on personal loan interest rates have made them an attractive option for festival shopping.

Buying expensive appliances or furniture through a loan is beneficial as you don’t have to dip into your long-term savings and disturb household finances.

Additional Read: Easy Financial Planning with a Personal Loan EMI Calculator


A prudent financial plan is essential to maintain a balance between festive spending and saving. And beyond that, Tata Capital’s personal loan can be your perfect companion this festive season. You can benefit from the attractive interest rates and repayment flexibility of our loan offerings. What’s more, you can apply for the loan online and get quick access to funds seamlessly!

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