Enjoy the festival of lights by managing your finances

Diwali and GenZ

Diwali is that time of the year when everyone, across generations and social strata, is in a joyous mood. It is quite literally what brings light to people’s faces and their homes for that short but extremely significant period in the year. However, Diwali is also quite literally a period of spending. There are so many offers for sale on different products and services. In addition to that, we buy gifts for the people near and dear to us, and some of us even go on trips. GenZ has been born and brought up in a time where expenditure during Diwali has been higher than it ever was and they are accustomed to a certain level and a certain style of Diwali, especially in the urban centers across the country.

Spending Habits during Diwali

GenZ’s exposure to the different products in the market and their varieties has been better than the previous generation’s, and this helps them make more informed decisions. Clothing brands like Manyavar, footwear brands like Nike and Adidas, and tech products from companies like Apple are among the brands GenZ has spent money on during the Diwali season in the last two years. However, the following graphed data reveals something more intriguing (source: gold.org).

In the above, we can see how different generations are planning to spend on gold. What should be of particular interest is how inclined GenZ is towards buying and investing in gold. While this is a good step, it brings us to the question: how can they fulfill their aspirations? The price of gold has skyrocketed over the last 45 years, and gold is now more expensive than it ever was before. How does a new generation who are starting out in their professional lives live up to their dreams?

Enter Galgal, to help you save your money better

With Galgal, you can make the most of your money. With the Budget feature, you can map out a plan of your finances in advance and spend responsibly to save enough to buy whatever you want from the plethora of products. Our spending and saving features can be utilized by you, the consumer, in order to avoid impulsive buying and help you make the smart choice in every transaction. Our goal is to assist the youth in becoming more financially responsible and saving more money with each purchase so that when the time comes to splurge, you can do so without hesitation. The world is your oyster, and you should be able to afford all of its amenities.

Download Now