Festival Shopping with a Twist: How Spendvesting Can Boost Your Savings

Introduction: The Extravaganza of Festival Shopping 

In India, festivals are not just about rituals and celebrations; they’re also a time for family, joy, and of course, shopping! From Raksha Bandhan in August to Diwali in November, the festival season is a shopping bonanza. It’s the time of year when people splurge on new clothes, jewelry, gifts, and home decor. Whether it’s buying a new outfit for Durga Puja or stocking up on sweets and gifts for Diwali, the excitement of festival shopping is unmatched. 

But with this excitement comes the challenge of managing finances. The festival season can stretch your budget, especially when the shopping starts as early as August and doesn’t stop until the end of the year. You might find yourself shopping for new clothes one month and then buying gifts for friends and family the next. So, how do you enjoy the festivities without breaking the bank? This is where the concept of spendvesting comes in—a smart way to invest in your spending so that you can enjoy the best of both worlds. 

What is Spendvesting? 

Spendvesting is a unique concept that allows you to invest your money today so that you can spend it tomorrow, all while maximizing your returns. The idea is simple: you set aside a certain amount of money regularly, and Multipl invests it on your behalf in mutual funds or other financial instruments. The goal is to grow your investment so that when you’re ready to spend, you have more money at your disposal. 

Let’s break it down with an example. Suppose you plan to spend ₹10,000 during the upcoming Diwali season on clothes, gifts, and decorations. Instead of using your savings or credit cards to finance this, you can start a spendvesting goal on Multipl. By investing as little as ₹ 33 per day for a few months, you could accumulate ₹ 10,000 or more, depending on the returns from the investments. In addition to the financial growth, Multipl offers brand vouchers that further boost your spending power. 

The beauty of spendvesting lies in its flexibility. You can set short-term goals for immediate expenses or long-term goals for bigger purchases. If a particular mutual fund isn’t performing well, Multipl’s team rebalances your portfolio to ensure you get the optimal returns. This proactive approach ensures that your money is always working for you, helping you save more while maintaining the lifestyle you desire. 

5 Ways Spendvesting Can Boost Your Savings 

Spendvesting isn’t just about saving money; it’s about doing it smartly. Here are five ways spendvesting can help you boost your savings while still enjoying the festival season: 

1. Maximized Returns on Investments 

The core idea of spendvesting is to maximize your returns. Unlike a regular savings account where your money sits idle, spendvesting actively invests your funds in mutual funds and other financial products. This means your money is working for you, growing over time so that when you’re ready to spend, you have more than what you initially invested. For example, if you invest ₹1,000 with an expected return of 12%, you could end up with ₹ 1,120. Add to that the brand vouchers from Multipl, and your effective return could go up to 25% 

2. Tailored to Your Spending Goals 

One of the best things about spendvesting is that it’s customizable to your spending goals. Whether you’re saving for a big purchase like a car or simply want to budget for Diwali gifts, you can create a goal that fits your needs. This tailored approach ensures that you’re not just saving aimlessly but with a purpose, making every rupee count. 

3. Additional Savings Through Brand Vouchers 

In addition to the returns from your investments, spendvesting on Multipl also offers brand vouchers. These vouchers can be used at popular retailers, adding an extra layer of savings to your purchases. Imagine investing for a few months and then not only having more money to spend but also getting discounts on your favorite brands. It’s a win-win! 

4. Reduced Financial Stress 

Festival shopping can be stressful, especially if you’re trying to manage it all on a tight budget. Spendvesting helps alleviate this stress by ensuring that you have a dedicated fund for your festival expenses. By planning and investing in advance, you can shop without the guilt or worry of overspending. This peace of mind allows you to enjoy the festivals to the fullest. 

5. Encourages Financial Discipline 

Finally, spendvesting encourages financial discipline. By setting regular investment goals, you’re committing to saving a portion of your income each day or month. This habit not only helps you save more but also makes you more mindful of your spending habits. Over time, this discipline can lead to better financial health, ensuring that you’re always prepared for future expenses. 

Festival Shopping Goals on Multipl 

Multipl offers a variety of goals that you can set to make your festival shopping more manageable and enjoyable. Here’s a closer look at some of the goals you can create: 

1. Daily Goals Starting at Rs 33 

For those who prefer to start small, Multipl offers daily goals where you can invest as little as Rs 33 per day. Over time, these small investments add up, giving you a nice little fund for your festival shopping. The best part? These investments can be redeemed against brand vouchers for apparel, gifts, or makeup accessories. So, whether you’re buying a new outfit for Durga Puja or looking for the perfect Diwali gift, you’ll have the funds ready. 

For example, if you start a daily goal in August, by the time Diwali arrives, you could have saved enough to cover your shopping expenses without dipping into your regular savings. This approach makes you a true spendvester, someone who plans their spending smartly and enjoys the benefits of both saving and spending. 

2. Medium-Term Goals Around Jewelry 

Jewelry is an integral part of Indian festivals, whether it’s for personal adornment or as a gift. Multipl allows you to set medium-term goals specifically for jewelry purchases. By creating a Systematic Investment Plan (SIP), you can invest a fixed amount each month, building up your savings over time. The returns from these investments, along with any additional brand vouchers, can help you afford that special piece of jewelry you’ve been eyeing. 

Let’s say you want to buy a gold necklace for Diwali, which costs around ₹ 50,000. By setting a medium-term goal and investing ₹ 5,000 per month, you could accumulate the required amount in 10 months or less, depending on the returns. This not only makes the purchase more manageable but also ensures that you’re not burdened with a large expense all at once. 

3. Medium-Term Goals for Travel 

Festivals are also a time for travel, whether it’s visiting family or going on a holiday. Multipl’s medium-term travel goals are designed to help you save for these trips without stress. By investing a set amount each month, you can build a travel fund that can be used to book flights, hotels, or holiday packages. Additionally, Multipl offers brand vouchers for travel portals like MakeMyTrip, EaseMyTrip, and Cleartrip, giving you extra savings on your bookings. 

For instance, if you’re planning a family trip during the festive season, you could start a travel goal six months in advance. By the time you’re ready to book, you’ll have enough saved up, and with the added benefit of brand vouchers, your trip could be significantly cheaper. This approach ensures that your festive travel is both enjoyable and financially sound. 

4. Shopping Goals with Lifestyle Vouchers 

If you’re someone who enjoys shopping for clothes, accessories, and home decor during festivals, Multipl’s shopping goals are perfect for you. You can set a monthly goal to save for your shopping needs, and the money you invest will grow over time. What makes this even better is the lifestyle vouchers that Multipl offers, which can be used at popular retail stores, giving you more bang for your buck. 

For example, if you know you’ll be shopping for new clothes during the festive season, you can start a shopping goal a few months in advance. By the time the festivals arrive, you’ll have a healthy fund ready to be spent, along with vouchers that can be used to get discounts at stores like Westside or Lifestyle. This not only helps you stay within your budget but also allows you to indulge in some guilt-free shopping. 

5. Specific Goals for Shopping for Little Ones 

Festivals are a time of joy, especially for children. Whether it’s buying new clothes, toys, or gifts, shopping for little ones can be a significant part of your festival expenses. Multipl offers specific goals that allow you to save for these purchases over any duration that suits you. You can invest daily, weekly, or monthly, and the returns, along with kids’ brand vouchers, ensure that you’re always ready to make your little one’s festival special. 

For instance, if you plan to buy gifts for your children during Diwali, you can set a goal a few months in advance. By the time the festival arrives, you’ll have saved enough to buy the perfect gifts, and with the added vouchers, you might even get more value for your money. This makes the festival season more enjoyable for both you and your little ones. 

Exclusive August Offers: Shop Smart and Save More 

As the festive season approaches, Multipl has some exciting offer that you won’t want to miss. These offer are designed to help you maximize your savings and make the most of your spendvesting efforts. 

Shopping Festival: Invest ₹100 for 21 Days & Get ₹2205 + Cashback up to ₹2205 

From 1st to 31st August, Multipl is running a Shopping Festival offer that’s perfect for your festival shopping needs. Simply invest ₹100 per day for 21 days (about 3 weeks), and at the end of the period, you’ll receive ₹2205 plus cashback up to ₹2205, effectively doubling your investment. This offer is available across popular brands like Amazon, Nykaa, and Westside, making it an excellent opportunity to stock up on festive essentials at a fraction of the cost. 

Conclusion: Embrace the Festive Season with Spendvesting 

Festival shopping in India is an experience like no other, filled with joy, excitement, and a touch of financial anxiety. But with spendvesting, you can enjoy the best of the festive season without the stress of overspending. By planning and investing in advance, you’re not only saving money but also enhancing your spending power with returns and brand vouchers. 

So this festival season, embrace the concept of spendvesting with Multipl. Set your goals, start investing, and watch your savings grow. Whether it’s for clothes, gifts, jewelry, or travel, spendvesting ensures that you’re always ready to celebrate without compromising on your financial well-being. Happy festival shopping!