My saving idea: Buy things off season and make the most of festive discounts

Every week, ET Wealth brings you news and ideas about how to save and invest. But individuals have their own saving hacks as well. In this new section, we invite you to share saving ideas that have worked for you. Mind you, we are not asking you to suggest stocks, mutual funds or other instruments. We just want you to share the saving hack that helped you cut expenses or allowed you to put away more every month. The best ideas will be published every week.

Trupti Lokhande from Pune has found a way to save on seasonal essentials and luxuries. All you have to do is wait till the demand for the item subsides, and then buy it at a deep discount. For instance, air conditioners are significantly cheaper after summer months, while heaters, woollens, blankets, etc., are available at lower prices in spring. You can also save by availing of various festive discounts.

Do you have a saving idea? Send your tip to etwealth@timesgroup.com with “Saving Idea” as the subject line. The best ideas will be published and the contributor will get a copy of You Can Be Rich, the PF guide from ET Wealth.