Millions of Indians eagerly await Navratri, a nine-night festival of worship, dance, and celebration. However, along with the excitement, Navratri can also stress your finances, especially if you’re not prepared. To have a stress-free Navratri celebration, it’s important to plan and save for the festivities. One way to do this is by using a smart savings app like multipl, which can help you meet your Navratri budget goals while providing additional benefits like goal-based savings, auto- investing, brand contributions, etc.
In this article, we’ll explore how multipl can help you save money for the Navratri celebrations.
Understanding the Importance of Financial Planning for Navratri
Navratri involves various expenses, including outfits, accessories, puja materials, dance lessons, gifts, etc. Failing to budget and save for these expenses can lead to overspending, credit card debt, and financial stress. That’s where multipl comes in as a valuable tool to help you smartly save for Navratri.
Using multipl for Navratri Savings
multipl is the world’s first “Save Now, Buy Later” app, which helps you spend through goal-based investments. Let’s see how multipl can help you save for your Navratri festivities.
Goal-Based Savings: multipl helps you set specific Navratri-related financial goals, such as Navratri Shopping Goal, Dance Lesson Goal, etc. By setting these goals within the app, you save consistently for your future purchases.
Auto-investment: multipl helps you set up auto-investment to make your mutual fund investing hassle-free. By setting up a monthly SIP for your shopping fund, you can allocate a portion of your income without having to think about it.
Brand Contributions: A unique feature of multipl is its brand contribution program. With this feature, multipl partners with brands you love so you can save more on your investments. It’s a win-win situation, as you save while enjoying your preferred products and services.
Risk Assessment: Before investing, multipl evaluates your risk profile through a series of questions. In this way, you’ll be able to maintain peace of mind while saving for your Navratri celebrations, as your investments will align with your comfort level.
No Hidden Charges: When setting up your savings goals with multipl, rest assured that there are no hidden charges. Similarly, when you decide to redeem it, you can do so with a brand voucher or receive the full amount and market returns in your bank account. However, the funds you invest in may have their own associated charges. You can easily find details on fund-specific expense ratios and other applicable charges right on the allocation screen.
How to Get Started with multipl
Getting started with multipl is easy:
- Download the multipl app from the App Store or Google Play Store.
- Sign up and create your account.
- Set up your Navratri savings goal and specify your target amount.
- Start contributing to your goal through SIPs.
- Take advantage of the brand contribution program to boost your savings.
Navratri is a time of joy and celebration, but it can also be financially demanding. Smart savings with multipl can help you prepare for Navratri festivities with goal-based spendvesting, auto-investing, and other options. With multipl, you have the financial resources you need to enjoy Navratri to the fullest while securing your financial future. Start planning and saving today with multipl to make your Navratri celebration truly special and stress-free.