As the year comes to an end and all of us gear up for year end festivities, one thought which must have definitely pondered your mind is how can you spend less and save more this festive season?

While the obvious answer to this is to spend less on materialistic pleasures, it is an ingrained part of our culture to gift our loved ones their choice of gifts, especially during the holidays. Thus there naturally is a dilemma, and in this blog post, we will address exactly this by sharing with you 5 tips on how you can save more and spend less while gifting your loved ones precious items to hold on to for a lifetime. Without further ado, let’s get started.

• Discounts Galore

All year round, eCommerce companies in India, right from the medium-scale ones to the big giants, host thousands of sales where price drops are crazy. However, no matter what you might have thought of previous offers, it goes without saying that year end deals are the best if you want to save a ton of money, and thus it is undoubtedly the best way to spend less on the items you want to gift.

Right from a wide catalogue of electronics and latest fashion trends to household decorations and much more, everything is available at this time of the year for heavily discounted prices; thus, if you want to save a significant amount of your budget, this is the time to buy from online eCommerce portals.

• Credit Card Cashback

While it is true that credit card debt can be an expensive affair, a good side of using credit cards which can’t be ignored is the obvious discounts retailers offer you by partnering with credit card companies.

For instance, almost every major credit card company has at least 5 to 10 tie ups with either eCommerce portals across a segment of their offerings or directly with vendors such as H&M, Zara, Philips, Morphy Richards and many more. And the best part about these tie-ups is the fact that credit card companies inform you of these offers upfront such that the next time you go shopping, you can effortlessly avail these.

From our experience, you can easily save at least 10% to 20% on your final bill amount by just paying through your credit card, and along with this, if your bill gets too large, you can always take out a personal loan to pay the same.

• Cash Over All

If there is any better way to secure a discount over and above credit cards, it is by paying your total bill in cash.

One of the best advantages of cash based payments which is unfortunately absent from other payment modes is that it equips you with the ability to effortlessly keep track of all your spending. Along with this, irrespective of the item you purchase and the seller you purchase the same from, they will always be more than happy to give you an instant discount over and above existing offers if you pay them right away with cash.

Thus, it goes without saying that paying in cash for all your purchases this holiday season is by far the best way to ensure that you spend less and save more this festive season.

But the question that remains is how can you get access to sufficient capital in such a short duration? The answer is to simply download the ZinCash loan application from the Google PlayStore or Apple AppStore and use the loan amount from the same for all your expenses this festive season.

A personal loan from ZinCash gives you instant access to an instant personal loan in the range of ₹10,000 to ₹200,000, and the best part is you can use this loan amount for any and all of your expenses.

Since in a personal loan in Ernakulam, the lender does not impose a clause on you over the supposed spending area of your loan amount, you are at free will to spend the loan amount in any way you fancy. Along with this, you will also get the opportunity to avail a highly competitive rate of interest, instant approval, high disbursement amount and a number of ways to pay back your EMIs on time every month.

• Personal Finance Applications

Last but not the least, a strategy you can adopt to spend less and save more this holiday season is to download a personal finance application on your mobile phone and use it to keep track of your expenses.

The best method by far to go about this process is to first spend some time and chalk out a total budget for all your purchases. By designing a detailed budget upfront, you not only have a better chance of saving more money, but you will also know the areas where you will need to spend more and those where a little compromise will be accepted.

Along with this, by installing a robust personal loan app on your mobile phone, you have the added capability of effortlessly tracking all your expenses in one place, thereby ensuring that you always stay within your budget.

Today, there are multiple such personal finance applications available both on the Google PlayStore as well as the Apple AppStore, and since the central function of all these applications are the same, you can go ahead and choose anyone, and they will suit your requirements just fine.

However, one important consideration to keep in mind is that the application should allow you to not only effortlessly record all your expenses but also store them securely, such that you can access and analyze them at a later date to arrive at a better understanding of your spending patterns.

In Conclusion

As the holiday season approaches, you need to ensure that you gift all your loved ones both items and memories they can hold onto for a lifetime while making sure that you do not burn a hole in your pocket, and we hope that through this blog post you will be able to achieve the same.