Dussehra 2026: 5 Money Rules
Experts suggest following the 50-30-20 rule and keeping credit card utilization at 30% or less to control spending and avoid debt during the festive season
As Dussehra 2026 approaches, experts are advising individuals to follow five key money rules to control spending and avoid debt. The most important of these is the 50-30-20 rule, a budgeting method where 50% of monthly income goes towards essentials, 30% towards discretionary spending, and 20% towards savings.
Another crucial rule is to keep credit card utilization at 30% or less. For example, if the credit limit is ₹3 lakh, it is recommended to keep the outstanding balance below ₹90,000. This approach supports a healthy credit profile and a high credit score.
Setting a clear festive spending limit and sticking to it is also essential. This can be achieved by writing down the figures, preparing a shopping list based on actual needs, and tracking spending against it. The aim should be to end the festive season debt-free.
In addition to these rules, having an emergency fund equal to 3 to 6 months of monthly expenses is vital for unforeseen events. Automating savings, mutual fund SIPs, fixed deposits, and other investments can also help build discipline in daily finances and investing.
Dussehra is a festival that celebrates the victory of good over evil with the defeat of Ravana. While it is celebrated across India with different traditions and cultural identities, some places like Bisrakh village in Greater Noida have unique customs. Residents of Bisrakh village refrain from burning Ravana's effigy and instead observe the occasion through prayers and religious rituals.
## Why it matters The festive season can be a challenging time for household budgets, with attractive discounts and easily available credit offers leading to unplanned expenses. By following these five money rules, individuals can fully celebrate Dussehra without compromising their long-term financial goals. With proper planning and management, it is possible to avoid debt and build a stronger financial foundation.
## What happens next As the festive season progresses, it is essential to stay disciplined and focused on financial goals. By prioritizing savings, investing, and debt management, individuals can make the most of Dussehra 2026 and set themselves up for long-term financial success.
