VIDUSHI SINGH
Bangalore
“The first thing we did was to take a share out of the wedding savings and put it in a joint account”
The holy wedlock came to a knot when the pandemic began its reign in India last year. A year on, the second onslaught of the deadly virus made marriages a truly private affair, with the authorities slapping a ban on gathering of more than 20 people at the do. The restriction shuddered the $50-billion wedding industry thriving in India and sent a shocker to couples going for a nuptial bond.
The great Indian big-fat weddings thinned into history in the age of new normal with the events being shifted from grand venues like banquets and five-star hotels to homes. In the process, the newlyweds are left with more than half of their wedding budgets unspent.
“An intimate wedding gives couples time to innovate and save money on a lot of items like clothes and jewellery. They saved money on fixed costs like venue and catering,” says Chandni Kumar, Assistant Editor of ShaadiSaga, a popular platform for marriage planning.
The long lockdowns barred the bridegrooms from their ubiquitous shopping binge. Most brides chose legacy and opted for the dresses and jewelleries of their mothers. This added to their savings. “We had a private wedding in presence of only a few close relatives,” says Faridabad-based Meha Saluja, who got married in March at a Gurudwara, when the second wave of the pandemic had just broken out. “I had thought of buying 20-25 dresses for my marriage but I settled for seven-eight.”
This story is from the July 2021 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2021 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HOW TO BEAT CURRENCY EXCHANGE RATE WOES
If you are travelling abroad, you will have to change your Indian rupees into either dollars or euro or to the local currency. Here's how to choose the right currency for a seamless holiday experience abroad
Why A New Year Goal Is Good
Setting a new year goal can give you a psychological boost to improve yourself and help you set aims and targets while also helping you declutter and let go of the past
SENIOR CITIZEN HOUSING: THE HURDLES TO CROSS
Buying a home is not only a dream of youngsters, many retirees also want to buy a home, but for that, they have to overcome adverse situations and many challenges
Axing Taxes And Beating Benchmarks
When investing for the long term and that too in a product with a lock-in period, the decision between the best and the consistent performer becomes critical.
Use Gold To Optimise Portfolio
Returns from gold are expected to be decent going forward, but more importantly, it acts as a portfolio diversifier and helps reduce volatility
The Risks That Invoice Discounting Entails
Invoice discounting can give potential high returns over a short period of time, but lack of regulation make them a high-risk investment
2024: CHANGES THAT MATTER
The year 2024 has been a game-changer for the Indian regulatory landscape, with the Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (Irdai), the Reserve Bank of India (RBI), the Pension Fund Regulatory Development Authority (PFRDA) and the Income Tax Department proposing key changes that will benefit investors, policyholders, pensioners, taxpayers and consumers alike. We give you a lowdown on five key changes proposed by each of these regulators
10 Stock Picks For 2025
Top analysts recommends 2 stocks each and the reasons why they should be a part of your portfolio
VOLATILITY AHEAD: PLAY SAFE
After an exhilarating rally till September 2024, the Indian stock market finds itself in turbulent waters and is expected to continue to do so in 2025. We give you some stock picking strategies that will help you play safe. We also have a list of 10 stocks recommended by experts which you can consider for your portfolio
Stay Ahead Of AI-Powered Cyber Fraud
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant