Financial Planning for the Long Weekends

Planning your next weekend gateway? However, you have not kept your finances planned for same. , here’s how can plan your finances for the long weekend holidays:

1. Make a Budget: List potential expenses including travel, accommodation, food, and activities. By setting aside a specific amount for each category to avoid overspending will you have an emergency fund for unexpected expenses.

2. Opt for Convenient Travel: Book your travel tickets and accommodations in advance to avail of discounts. It is always suggested to credit card reward points or travel miles to save on travel costs.

3. Plan Affordable Activities: Free or low-cost local attractions and activities. ook for group discounts on activities and excursions These in do-it-yourself activities such as picnics, hiking, or cultural tours can help you plan affordable vacations

4. Keep an eye on your spending: Use budgeting apps to track your spending during the trip. Stick to your budget and avoid impulsive purchases. Post-trip, review your spending to identify areas for improvement.

Investment & Opportunities During the Long Weekend

The stock market is closed during long weekends. However, there are still avenues for investors and traders to explore

• Plan: You can use these weekends to research potential investment opportunities, analyze company performance, and understand market trends.
• Portfolio Review: Understand and evaluate your current investment portfolio, rebalance it if necessary, and align it with your long-term financial goals.
• Financial Education: Enhance your investment knowledge by reading books, attending webinars, or taking online courses.

NSE Trading in October 2024

On this day, the stock market will be closed, and no trading activities will take place. Traders and investors should plan their activities accordingly, considering this holiday while making investment decisions.

However, there is only one NSE holiday in October mentioned in the table below:

To Conclude

October is a major month that is marked for its blend of cultural, historical, and social events globally. In India, October is also of equal importance, a month that can impact your overall investment or trading opportunities. Hence, keeping yourself on track with this with the long weekend holiday for the month will help you plan your finances further!

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Frequently Asked Questions

Q. What is a long weekend in India?
A. A long weekend in India occurs when a public holiday falls on a weekday (i.e., Friday or Thursday), creating an extended break that includes the preceding and following weekends.

Q. How many long weekends in 2024?
A. There are several long weekends in India throughout 2024, the exact number can vary depending on how you define a long weekend

Q. How many days is a long weekend?
A. Along weekend in India consists of three days: Saturday, Sunday, and the public holiday falling on a weekday. However, if the holiday is followed by another non-working day, the long weekend can extend to four days.

Q. Is Saturday and Snday off in India?
A. Yes, Saturday and Sunday are generally considered the weekend in India.

Q. Why is Saturday a weekend?
A. The adoption of Saturday as a weekend in India as it aligns with the global trend of a two-day weekend convenient for the workforce and to improve work-life balance.