8 Ways To Splurge Smart This Festive Season

4. Buy gold

Gold or rather jewelry would figure as an important item on your list. Track gold prices and buy solid gold when the prices are low or expected to peak soon. Then use this gold to get ornaments made during the festival. Gold prices are likely to be higher during this season also because this is the big wedding season. 

Alternately for those of you who are looking at buying gold more as an investment, an interesting and rewarding option is through Gold ETFs -- either lump sum investment or even a SIP into the same. Gold is a good investment as a hedge against inflation, stable value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities.

5. Keep a stock of your gifts

The gifts in kind which you have received, take stock of them. Only keep the ones that you really need or which you want to retain due to sentimental reasons. Reuse the remaining over the next year in gifting to friends and relatives – do take care to not gift it to the person from whom it has come from in the first place!