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The countdown for the festive season has begun. Flipkart Big Billion Days Sale and Amazon Great Indian Festival will begin from September 23. Like every year, this time too, tremendous discounts will be seen on electronics, fashion, grocery, and mobile.

Every year, new records are made in both these sales. It is expected that a new record will be made this time too. The reason for this record sale is the fierce shopping done by the people. People see such offers and discounts that they end up buying more than necessary. Now the question arises of how to avoid overspending in such a sale. Let's know.

Why do people do more shopping?

On hearing the word sale, people get excited. It seems that if they do not shop this time, they will miss something. This psychological pressure is called FOMO, i.e., "Fear of Missing Out". Sales advertisements are shown everywhere, which makes us think that if we don't buy it now, it will cost us later.

Schemes like EMI, discounts, and cashback are so tempting that people buy things, whether they need them or not. Many times, people go to the apps just to see which deals are going on and then end up shopping unnecessarily.

Expenses increase in the process of saving.

In sales, customers think that they are saving money, but in reality, their expenses increase. For example, if someone needs 2-3 kg of detergent every month and he sees a 20 kg packet on sale at a low price, he will buy it.

It may seem cheaper to him immediately, but a large amount will be spent at once. Similarly, people buy big items like smartphones, TVs, and refrigerators on no-cost EMI and later have to pay installments for months. In this way, the money that should have been saved goes into overspending.

Easy ways to stop overspending
1. Make a list

Before the sale starts, decide what you want to buy. Make a list and stick to it. This will prevent you from unnecessary shopping.

2. Decide the budget in advance
You may be tempted to see the sale offers, but by fixing the budget, you can avoid overspending. Spending beyond the budget can spoil the entire financial balance for the next months.

3. Check the price even before the sale
Many times, e-commerce sites first increase the price of the product and then attract customers by showing huge discounts. Before the sale starts, check the price of the goods you need. This will help you understand the real discount.

4. Stay away from no-cost EMI
No cost EMI looks very attractive, but this EMI becomes a burden in the coming months. Many times, there are hidden charges in EMI. That is why buy only those products on EMI that are very important.

5. Do not buy things based on the discount

Many people buy things just because they are available at a discount. But the reality is that if you do not need that thing, then even if there is a 70% discount, it will be an unnecessary expense.

Conclusion
Festive season sales always excite customers. Seeing discounts, cashback and EMI offers, everyone is tempted to shop more. But it is wise to buy things according to your budget and need. Otherwise, in the process of saving, you will have to bear the burden of EMI and increased expenses for the coming months. This time's sale will be beneficial for you only if you will be able to stop yourself from overspending.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.