Make Your Financial Life Sparkling Clean This Diwali

It’s that time of the year again. Traditionally, most Indian households swing into action every Diwali to spring-clean their homes and hearths to welcome the goddess of wealth Lakshmi. Just as our material possessions fill up our houses and take up all the available space and need to be disposed of, our finances can also get cluttered if we do not clean and sort them every now and then. You may have an insurance policy that you do not need anymore, or a high-interest lingering loan that you may easily be able to pay off with your funds. Taking stock of your assets as well as liabilities at least once a year, if not more, will straighten up your finances and give a long-term view of your goals and needs. Diwali can be a good time to make a start. “Cleaning up your finances is not a one-day activity. Productive de-cluttering is a process-oriented activity,” says Arijit...