Diwali is a time of joy and celebration for many, but it can also bring financial losses if proper precautions are not taken. The Financial Express has highlighted some key things to avoid at home during the Diwali festival in 2024 to prevent such losses.
One of the main things to avoid is overspending on Diwali shopping. While it is tempting to indulge in new clothes, gifts, and decorations during the festive season, it is important to set a budget and stick to it to prevent financial strain later on. Additionally, it is advised to avoid using credit cards for unnecessary purchases, as this can lead to mounting debt.
Another important tip is to avoid neglecting insurance coverage for your home and belongings. With the increased risk of fire accidents during Diwali due to fireworks and diyas, it is crucial to ensure that your insurance policies are up to date and provide adequate coverage for any potential damages.
Further, it is recommended to avoid keeping large amounts of cash at home during Diwali. With the increase in thefts and burglaries during the festive season, it is safer to use digital modes of payment and keep minimal cash on hand to prevent financial losses.
Overall, following these tips and being mindful of your spending and safety precautions during Diwali can help prevent financial losses and ensure a worry-free festive season. By avoiding these common pitfalls, you can enjoy the celebrations without the added stress of financial burdens.
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