TomorrowMakers

How I managed my finances post festive season- Timely Payment
Swati Mehra

A couple of years ago I was over the moon after landing my first job. I celebrated regally during the festive season that ensued, only to land in a financial soup for the next few months. With gargantuan credit card bills and barely any cash left, I had no other option but to default the payment. This lead to expensive interests and late fees against my card, which in the hindsight seemed rather unnecessary. 

Then on I made sure that I at least make timely payment against all my festive expenses. I achieved this by following a few simple practices. Firstly, I regularly set aside an amount throughout the year to make festive splurging easier on the pocket. Besides, I have tried to make payment with the money I have, instead of credit cards. Don’t get me wrong, credit cards are a necessary part of our lifestyle. But a little restraint can give us a lot of respite at the time of repayment. Not surprisingly, I was able to pay all the festive bills on time and didn’t have to incur any default charges. 

How I did it

Praveen Nair
Retiree

Ever since I retired, I have looked forward to the festive season with added zeal. It is the buzz that I need once in a year in my laidback post-retirement life. I like to celebrate the occasion, get the house painted or renovated, buy gifts for my dear ones or go on a vacation. These things… Read more

Swati Mehra

A couple of years ago I was over the moon after landing my first job. I celebrated regally during the festive season that ensued, only to land in a financial soup for the next few months. With gargantuan credit card bills and barely any cash left, I had no other option but to default the payment… Read more

Rohansh Pathak

It is highly unlikely that all the expenses made during the festive season were worth making in the first place. This is the time of the year when unavoidable expenses are bound to upset your budget plans, and you can do little about it. However, I have made it a point to have a look at the… Read more

Rahila Khan
Homemaker

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more