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Did you know that this used to be National Thrift Week? It started on January 17th (Ben Franklin’s birthday) and ran until January 24th. National Thrift Week started back in 1916. It’s founders saw it as a way to “cultivate responsible consumerism and civic progress. Rather than self-denial, the goal was self-control.”

Self-control is one of the best things about using money responsibly. Not only do you have more money when you exercise self-control, but you enjoy the things you use the money for that much more. A lack of self-control when it comes to spending is kind of like a lack of self-control when it comes to eating ice cream. A little ice cream as a treat is fabulous; you savor every bite, and look forward to the bowlful. Ice cream all the time will gradually take on all the appeal of say, high-fiber cereal with no milk. Too much ice cream leaves you with an aching stomach. Self-control is the key, and it can help you build wealth.

But National Thrift Week is not just about self-control. Bringing it back would help to create policy changes ranging from educating people about investing, to reforming usury laws, to keeping credit cards off college campuses. If you’re interested in helping to bring back National Thrift Week, visit their web site at www.bringbackthriftweek.org.

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