  In this paper, based on the basic principles of thermodynamics, we explore
the hydrodynamic regime of interacting Lifshitz field theories in the presence
of broken rotational invariance. We compute the entropy current and discover
new dissipative effects those are consistent with the principle of local
entropy production in the fluid. In our analysis, we consider both the parity
even as well as the parity odd sector upto first order in the derivative
expansion. Finally, we argue that the present construction of the paper could
be systematically identified as that of the hydrodynamic description associated
with \textit{spin waves} (away from the domain of quantum criticality) under
certain limiting conditions.
