The Singles’ Guide to Smart Money: A Valentine’s Day Special

Valentine’s Day—a day of love, chocolates, flowers and teddy-bears. But what if red hearts and pink balloons make you uncomfortable? There is good news for those looking for a difference this Valentine’s Day. This day is not just about being in love with that someone special. It’s a day to celebrate love, it can be for your parents, friends, even yourself. So, how do single people celebrate?

Galentine’s Day, a concept first highlighted in a popular global sitcom, has now become a rage amongst several cultures. Instead of looking for ‘the one’, spend quality time with ‘loved ones’ like, close friends or family and enjoy it along the way. Second, pack your bags and take a short vacation. Third, splurge on yourself and those who’re close to you. Four, get a make-over, colour your hair or maybe overhaul your entire wardrobe. Do whichever works best for you.

Of course, your next question will be, where’s the money for all these? The answer is simple, be smart and plan smart. These 4 life-lessons about money will not only help you enjoy Valentine’s Day this year, but also, for the years to come.

Invest small, get higher returns: Wanted to take your significant other on a luxury vacation to celebrate or buy that expensive gift but ran short of savings? You can always plan better for the future. Start small by investing in Mutual Funds or even FD. While Mutual Funds come with a small amount of risk, the right schemes offer great returns. Fixed Deposits, as an alternative, are a safer option. With a compounding interest, you can get a higher return on investment. You don’t even need to make large one-time investments. Systematic Investment Plans (SIPs) in Mutual Funds or Recurring Deposits ensure you only invest a small amount at regular intervals. In the spirit of the occasion, you can also encourage your loved ones to invest too.

Click here to open your Mutual Fund, Recurring Deposit or Fixed Deposit now!

Insure to Protect: Gift your loved ones the gift of Health and celebrate by securing their future. You can invest in Life Insurance and Health Insurance policies for yourself and your loved ones and ensure all of you are well taken care off. By starting an investment early, you save a lot on premiums to be paid. In addition to this, you can also take advantage of the tax benefits offered by these policies. If you’re confused about which policy to buy, visit our website or contact the nearest branch.

Take Credit to Live in the Moment: Not all credit is bad. With the right loan, or Credit Cards, you can make the most of your life. Having a Personal Loan or Credit Card means, you can get the finances when you want it. If you want to take advantage of this, the HDFC Bank Personal Loan is one such an option, especially with affordable EMIs starting at Rs 2187 per lakh, and as a select pre-approved HDFC Bank customer, you can get the loan credited to your account in just 10 seconds with zero documentation. Non – bank customers can get it within 4 hours with the help of submitting minimum documentation. HDFC Bank Credit Cards on the other hand, offers great CashBacks and Reward Points on several offers, making for great savings and offers in the long run!

Looking to apply for a Personal Loan? Click here to get started!

You can apply for a Credit Card by clicking here.

​​​​​​​Looking to book a Fixed Deposit? New customers can book a Fixed Deposit by opening a new Savings Account, existing HDFC Bank can book their Fixed Deposit by clicking here.

Spend to Splurge: Now that you’ve done everything to invest and save, what’s the last thing to do? You got it, splurge your heart out! In fact, you get plenty of exciting offers and deals through PayZapp and SmartBuy. Get great deals on shopping, trips and entertainment amongst many other options. With this, you can also get to compare prices and save on all CashBack and Reward Points you earn!

So, you don’t have to spend Valentine’s celebrating the traditional way. Gear up for the year in style and be smart about it. Most singles are inhibited about buying financial products. What you should know is, these products help you achieve financial goals and also create a sense of financial independence!

Use FD interest calculator and Get details of maturity amount and interest earned on deposits.

* The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.