With the five-day Diwali festive season coming to an end on Bhai Dooj, celebrated on 11 November, many households may be reviewing the money spent on clothes, food, sweets and gifts. Some may have also relied on credit cards, EMIs or other forms of borrowing to meet their festive expenses.
As the year draws to a close, this is a good time to reassess spending, get debt under control and put savings back on track. Experts suggest 5 practical money moves to help households rebuild their finances and enter 2027 on a stronger footing.
Review festive spending
Sheersham Gupta, Director, Rupeezy, suggests reviewing bank statements, credit card bills and UPI history for October and November. Classify expenses into three categories: necessary, enjoyed and regretted.
Vedant Gupte, Co-Founder and CEO of investment platform Trackk, said the regretted category can help identify recurring money leaks, such as food delivery, quick-commerce purchases and unused subscriptions.
“Cancel subscriptions you no longer need, disable saved card details on shopping apps and review your spending for five minutes every week. This can help you identify unnecessary expenses before they add up by the end of the month.”
“To save time, you can use an AI tool like ChatGPT or Claude to do this analysis for you,” Gupta added.
Clear high-interest debt first
Gupte said credit card debt should be the first priority because it is usually the most expensive form of borrowing. Paying only the minimum amount due can keep borrowers in debt for longer and increase the overall interest burden.
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