As Diwali, the festival of lights, approaches in 2024, families are preparing to celebrate with decorations, sweets, and gift-giving. However, it is important to also be aware of potential financial risks that can arise during the festive season.
The Financial Express has compiled a list of things to avoid at home to prevent financial loss during Diwali. One key tip is to be cautious with the use of diyas and candles, as they can pose a fire hazard if not handled properly. It is recommended to always keep them away from flammable materials and never leave them unattended.
Another important point to consider is the use of electrical lights and decorations. It is crucial to ensure that all electrical items are in good working condition and are not damaged or frayed. Overloading electrical sockets can also increase the risk of a fire, so it is advised to use extension cords and power boards safely.
In addition, families should be wary of overspending during Diwali. It can be easy to get caught up in the excitement of shopping for gifts and new clothes, but it is important to stick to a budget to avoid financial strain later on. It is also recommended to be cautious of online shopping scams and to only purchase from reputable websites.
Overall, being mindful of potential financial risks during Diwali can help families enjoy the festivities without facing unexpected financial burdens. By following these tips and being vigilant, households can ensure a safe and joyful celebration of Diwali in 2024.
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