The Songkran festival is a time of happiness and stress relief, but many people fall into the trap of overspending amid the fun. Before they realize it, their bank accounts have drained away along with the flowing water. Especially in times of economic volatility, preserving "emergency savings" is the most important rule.
Before stepping out to splash water, let's scan the "expense traps" that often drain our money during Songkran, so we can prepare and protect our wallets.
1. The trap of "It only happens once a year, just spend it."
This classic phrase has repeatedly destroyed financial discipline, whether it's booking VIP tables at clubs, buying outrageously priced alcohol, or indulging in lavish eating and drinking throughout the long holiday.
The solution is to set an "Entertainment" budget for Songkran in advance and carry cash or transfer this amount into a separate account dedicated for outings. Once the budget is used up, that’s it—do not dip into other funds under any circumstances.
2. Fashion items and water play equipment
New floral Hawaiian shirts, reflective waterproof sunglasses, popular waterproof pouches, or upgraded water guns that shoot up to 10 meters—all tend to surge in price during the festival and often end up stored away and forgotten the following year.
Try rummaging through your wardrobe for old floral outfits to mix and match. For water play gear, if your old items are still usable, use them. If you must buy new, shop before the festival or choose affordable models without chasing trends excessively.
3. Hidden travel costs
Those without private vehicles relying on ride-hailing apps during the festival know fares can spike two to three times. Not to mention parking fees at popular water play spots, which are often exorbitantly inflated.
Plan your trips carefully. It’s recommended to use public transport systems like BTS Skytrain, MRT, or buses, which offer fixed prices and avoid hassles like traffic jams or parking difficulties.
4. The generous spender in the group
The festive atmosphere and excitement often lead some to play the role of the big spender, treating the whole table or fronting group expenses to collect later—often unsuccessfully—or feeling hesitant to ask for reimbursements.
Agree clearly before the trip that "everyone splits every bill equally," and consider collecting money into a central pot managed by one person to prevent forgotten payments or overspending.
5. The "I’ll repay next month" trap
This is the most dangerous trap. Some run out of salary by mid-month and decide to dip into their "emergency savings" for fun, thinking they'll pay it back when the salary arrives. In reality, if an unexpected event happens after Songkran, there will be no safety net.
Always remember: "Emergency savings must not be touched unless absolutely necessary." Songkran fun is not an emergency. If this year’s budget is tight, choose free water play zones or have light gatherings at home with family, which can be just as enjoyable and warm.
Enjoying Songkran is wonderful, but lasting happiness comes from waking up on April 16 to find you still have enough money to last until the end of the month and an untouched emergency fund safely resting in your account. Wishing everyone a mindful and joyful Songkran.