Frugal Living 

National Thrift Week

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National Thrift Week LogoIn 1916, with the threat of World War I, major civic leaders launched an educational campaign known as National Thrift Week that began on Benjamin Franklin’s birthday, January 17th. As you can probably see by the calendar, it’s the 19th so I’ve already been remiss in missing the first two days!

For fifty years, National Thrift Week ran strong passing from sponsor to sponsor, starting at first with local YMCAs and local businesses looking to cash in, but eventually in 1966 the push fizzled out (read the full history of National Thrift Week). You could argue that for another forty years, thrift was replaced by consumerism and easy credit and our reversion back to thrift is one out of necessity.

Templeton Press is a non-profit book publisher founded by investor John Templeton and they’re the ones behind this push to bring back National Thrift Week. Regardless of how you feel about thrift, a quick scan of the seven days of National Thrift Week will prove to be invaluable in that each day is devoted to one simple concept in personal finance:

  • Have a Bank Account Day,
  • Invest Safely Day,
  • Carry Life Insurance Day,
  • Keep a Budget Day,
  • Pay Bills Promptly Day,
  • Own Your Home Day, and,
  • Share with Others Day.

On each of those days, take a few minutes out of the grind to think if you’ve got that base covered or not. If you do, wonderful! If you don’t, take a few more minutes to see what it would take to get that bullet knocked off your list.

Finally, Templeton is running a contest where you can win a $100 savings bond by writing a fifty word or less essay!

{ 5 comments, please add your thoughts now! }

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5 Responses to “National Thrift Week”

  1. I have never heard of Thrift Week, but I love the idea of it! Of course business owners would rather we go the consumerism route, than to be thrifty as it’s money out of their pocket. So today is Life Insurance day, check! Thanks!

  2. Loyd Ford says:

    Now is REALLY the time when we need to be focused on BEING THRIFTY. This is a great idea – pass it on!

    You can set your calendar to remind you of different goals. Have your own “thrift month.” You’ll be surprized what you can save and how it will add up!

    And remember: If you “save” but you don’t remove the money from your checking and put it in savings, you are NOT saving.

    Loyd Ford

  3. Patrick says:

    Great idea to bring up this topic Jim. We really need to better market this week to ensure that people begin go thrifty, especially in our tough times. Not only are you reusing somebody else’s old stuff, but you can get stuff at a fraction of the price. Seems like a win-win situation to me.

  4. I’ve never heard of this! (of course, I was born in the 80s). I think it’s a fantastic idea!

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