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By:

Asha Tripathi

14 April 2025 at 1:35:28 pm

The Allure of Street Shopping Over Malls

Street shopping is not just buying — it’s bargaining, bonding, and breathing life. Shopping has always been more than just a way to buy things. It reflects lifestyle, culture, and even emotions. In today’s fast-paced world, two different worlds of shopping coexist — the glimmering, air-conditioned world of malls and the colourful, lively lanes of street markets. Both have their own essence, yet when we look closely, we realise that while malls appear more sophisticated, the real life, energy,...

The Allure of Street Shopping Over Malls

Street shopping is not just buying — it’s bargaining, bonding, and breathing life. Shopping has always been more than just a way to buy things. It reflects lifestyle, culture, and even emotions. In today’s fast-paced world, two different worlds of shopping coexist — the glimmering, air-conditioned world of malls and the colourful, lively lanes of street markets. Both have their own essence, yet when we look closely, we realise that while malls appear more sophisticated, the real life, energy, and connection lie in street shopping.   Malls are like modern-day palaces of consumerism. As we step inside, we are greeted by polished floors, soft lighting, pleasant music, and an atmosphere that almost feels unreal. Every shop is neatly arranged, every brand fighting for our attention with attractive displays and offers. Shopping in a mall is a comfortable experience — there is no dust, no crowd pushing, and no chaos. You can walk leisurely from one store to another, have a coffee in between, watch a movie, and spend the whole day indoors without even realising how time flies.   For many, malls are a symbol of modernity and status. They offer quality assurance, branded products, and the comfort of air-conditioning. You don’t have to bargain, you don’t have to worry about getting cheated, and everything comes with a bill and a warranty. But somewhere in all this perfection, something feels missing — that human touch, that rawness of real life. Malls often make shopping look mechanical — polished, predictable, and slightly emotionless.   Now let’s step outside those glass doors and into the streets—where the real magic begins.   Street shopping is like diving into a sea of colours, voices, and stories. The moment you enter a busy marketplace, you feel the pulse of real life. The shopkeepers calling out their offers, the aroma of street food, the chatter of people, the energy in the air — everything feels alive. Street markets are where creativity meets affordability. You find handmade jewellery, ethnic clothes, quirky bags, and items you never even thought existed — all at throwaway prices!   And the best part? Bargaining. It’s not just about getting a lower price; it’s a lively exchange between the buyer and the seller. It’s a small battle of wits, ending with a smile and mutual satisfaction. In that short conversation, you connect with another human being — something malls rarely offer.   Street shopping also tells the story of hard-working vendors and small artisans who depend on their daily earnings. Every item on those stalls carries the sweat, skill, and dreams of people who create or sell them with passion. There is honesty and simplicity in their effort. It is this raw, unfiltered reality that gives street markets their soul.   In contrast, malls can sometimes feel like artificial bubbles — detached from the outside world. Everything is designed to look perfect, but it’s also expensive, repetitive, and often lacks originality. The same brands, the same products, the same discounts — no surprise, no adventure. Street shopping, on the other hand, is unpredictable. You never know what you’ll find. That’s what makes it so exciting.   Beyond the products, street markets give us something more valuable — an experience of real human connection. You hear laughter, you see bargaining, and you feel the rhythm of life moving all around you. You learn patience, observation, and the art of choosing wisely. Street shopping teaches you how to appreciate value, not just price.   Of course, street shopping comes with its own set of flaws. The crowds can be exhausting, the heat unbearable, and the quality uncertain. But those who truly love it will tell you that this chaos has its own beauty. It’s a slice of everyday life — imperfect yet real.   Malls, in comparison, may look polished, but they are isolated worlds of glass and glitter — where smiles are polite but not personal. Street markets, however, are bursting with emotions — of joy, struggle, laughter, and togetherness.   In the end, the difference between malls and street shopping is like the difference between a perfect photograph and a candid picture. The perfect one may look flawless, but the candid one feels alive. Malls may represent aspiration, but street shopping represents reality.   And perhaps, that’s why no matter how many malls rise in our cities, the narrow, noisy lanes of street markets will always have their charm. Because that’s where life breathes — in the voices of vendors, in the sparkle of roadside jewellery, in the scent of street food, and in the joy of finding something wonderful at a price you proudly bargained for.   (The writer is a tutor based in Thane. Views personal.)

Five Action Points for July

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With the first half of 2025 now behind us, the time for reflection is here. July marks an important turning point in the calendar year. The past six months may have gone by quickly, but the remaining half of the year offers ample opportunity to make meaningful progress toward your financial goals. The beginning of July is an ideal time to move from self-assessment to action.


1. Ensure the Majority of Investments Are in Inflation-Beating Assets

One of the most important principles of long-term investing is ensuring that your portfolio is designed to beat inflation. Inflation, though often gradual and silent, is a constant force that reduces the real value of your money over time. This makes it critical to invest in asset classes that offer the potential for higher, inflation-adjusted returns.


Historically, equity mutual funds, direct stocks, and gold have consistently outperformed inflation over long periods. Invest primarily in these assets for your long-term financial goals. For your short-term goals, you can stick to bank fixed deposits, bank recurring deposits, or debt mutual funds. If a significant portion of your money remains tied up in low-return instruments, consider reshuffling your portfolio.


2. Review SIP Contributions and Increase Them if Income Has Grown

Systematic Investment Plans (SIPs) remain one of the most disciplined ways to build wealth. They encourage consistent investing, regardless of market conditions, and benefit from rupee-cost averaging and the power of compounding. Ensure your SIPs are sufficient - at least 30 percent of your in-hand monthly income.


A common mistake many investors make is failing to increase their SIP amounts in line with their income growth. If you have received a salary increment or changed jobs in the last 12 months, and your SIP contributions remain the same as last year, this is the time to act. Increasing your SIP every year can make a significant difference to your wealth over the next decade. It ensures that your investments match your rising standard of living.


3. Make Lumpsum Investments Alongside SIPs

While SIPs provide investment discipline, they should not be your only investment strategy. Many individuals accumulate idle funds in their savings or current accounts, waiting for the "right time" to invest. Unfortunately, this often results in missed opportunities. Besides SIPs, make it a habit to do additional lumpsum investments frequently.


If you have received a bonus, incentive payout, or any unexpected windfall, consider deploying it as a lumpsum investment. The key is to avoid letting surplus funds remain uninvested for long periods. Staying invested allows your money to benefit from compounding and market growth.


4. Secure Adequate Health and Term Life Insurance Cover

Health insurance and term life insurance are two pillars of your financial planning. Even a single hospitalization can result in substantial expenses if not adequately covered.


Do not rely solely on your employer’s health insurance cover. Buy a sufficient, comprehensive personal health insurance policy with the necessary product features to protect your savings and financial goals.


Similarly, term life insurance ensures that your family’s financial security is protected in case of any unforeseen event. Calculate and invest in a term life insurance plan, taking into account your current income, outstanding loans, and future responsibilities such as your children’s education or other long-term goals.


5. Consult a Qualified Financial Advisor

If you have not yet made a proper financial plan with the help of a financial advisor, this is the right time to do so. Even if you already have a plan in place, it is important to review it with a financial advisor, as financial plans must be reviewed every 6 to 12 months. Consult a well-educated, full-time financial advisor who is an entrepreneur in the field. It takes years of education, wisdom, experience and expertise to write a prescription, don’t self-medicate.


Conclusion

The first half of the year may have passed, but the remaining months offer you the opportunity to realign your financial strategy and make meaningful progress toward your goals. Consistency, timely action, and professional guidance remain the key drivers of financial success.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.

Views personal. He could be reached on 9833133605.)

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