{April 5, 2016} National “Go Broke For a Day”

It seems like every time I look up, there is a new “holiday” to be celebrated.  National Pet Day….LOVE, National Ice Cream Day….LOVE, National  Kids Who Can’t Read Good and Want to Do Other Stuff Good Too Day…umm, well okay Derek Zoolander.  Any who, today is apparently National Go Broke for a Day, which is like a “cheat day” or excuse to take financial risks be it good or bad, spend in excess, or do something you have been too scared to do.


Here is how it was explained to me:

National Go For Broke Day is celebrated annually on April 5.  Go ahead, go for it…this would be the day!  What is it??  That is for you to decide.  Are you a gambler?  If so, take a big risk, “Go for Broke”.  If you are not a gambler, it may be you want to take a risk with your job, a new project you are working on, buying a new home, financial investments, relationships, travels or any risk, go for it….”Go for Broke”! Take a risk and Go for Broke. Use #NationalGoForBrokeDay to post on social media.

I can assure you that if you are laser focus on your goals, saving money, and building wealth, you will not fall for something as silly as #NationalGoForBrokeDay which will likely leave you with a  financial hangover .  It may be fun to go broke for a new purse, to go broke for that new  6 series car, or to go broke seeing the world, but it is not fun paying those things off.   What’s more important to you: the burden of paying  off things you are willing to go broke for or what you acquire?  That is to say, would you rather have a new car and deal with the debt or would you rather have no debt and the car you are currently driving?

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One thought on “{April 5, 2016} National “Go Broke For a Day”

  1. Wow, that’s so absurd to me! There is really a “day” for everything! Just for fun..if I celebrated National Go Broke For A Day, I’d probably buy every book on my wishlist!

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