Akshaya Tritiya is celebrated on the third day of the bright fortnight in the month of Vaishakha (vaisakha sukla paksa tritiya). Aksaya (Sanskrit) means inexhaustible, that which never deteriorates. It is considered to be the most auspicious day to start a new venture.
The Supreme Lord appeared as Parasurama, the son of Jamadagni Maharsi and Srimati Renukadevi, on the auspicious day of Akshaya Tritiya. He uprooted all the unwanted kings who appeared as thorns on the surface of the earth. Sri Jayadeva Goswami glorifies this incarnation of the Supreme Lord as follows:
snapayasi payasi śamita-bhava-tāpam
keśava dhṛta-bhṛgupati-rūpa jaya jagadiśa hare !
O Kesava! O Lord of the universe! O Lord Hari who have assumed the form of Bhrgupati [Parasurama]! All glories to You! At Kuruksetra You bathe the earth in the rivers of blood from the bodies of the demoniac ksatriyas that you have slain. The sins of the world are washed away by you, and because of You people are relieved from the blazing fire of material existence.
On the auspicious day of Akshaya Tritiya please chant this verse and glorify the Supreme Lord who appeared as Lord Parashurama.
It is believed that Vyasadeva, the great sage who is the literary incarnation of the Supreme Lord, started composing Mahabharata on the auspicious day of Akshaya Tritiya.
One should perform sraddha ceremony on the Aksaya-trtiya day. (Srimad Bhagavatam 7.14.21)
It is advertised that buying gold on the day of Akshaya Tritiya will make you rich. However, this is not a fact as per Vedic scriptures. Traditionally the rulers and rich people of the society used to perform sacrifices (yajna) and distribute their wealth in charity on such auspicious days.
On the auspicious day of Akshaya Tritiya you can donate towards charitable causes.
On this Auspicious Day
Chant Sri Mahalakshmi Namam
Read Sri Mahabaratham
Read Bagawan Sri Parasurama Avathara Story
Instead of buying Gold, donate towards charitable cause
Buy Salt, Rice and any white flower for Lakshmi Kadaksham