Diwali bonus: Spend, repay loans or invest? Here's how to decide
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Before spending it all, experts suggest you divide the money between festive expenses, high-interest debt, and investments.
- ✓Subhendu Harichandan said, "If these requirements are not met, the festive spending allocation should be reduced accordingly." Plan your budget early to ensure your money helps your long-term goals.
Story at a Glance
- Category
- MARKET
- Reported By
- Financial Express
- Reading Speed
- 9 Minute(s)
- Market Focus
- India Economy
Diwali bonus in hand? Before spending it all on shopping and celebrations, find out how to divide it between festive expenses, high-interest debt, emergency savings and investments. Experts explain how to make your bonus work for you without compromising your financial goals.
The temptation to spend is understandable. Diwali comes only once a year, and there are plenty of reasons to make the most of it. But the bonus can also be an opportunity to reduce expensive debt, build emergency savings or invest towards long-term financial goals.
The key is to decide how much to spend before the money gets used up. There is no single allocation that works for everyone. Someone carrying credit card dues and having no emergency savings will have different priorities from a person who has already built a financial cushion and has manageable EMIs.
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Financial Express
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