Every July, I’m reminded of the riddle “Do they have the Fourth of July in Canada (or England or any other country)?” The answer? Of course they do! They have a July 4th and a July 5th and… It’s just a play on the fact that Independence Day is also known as the Fourth of July.
Admittedly, it’s not that great of a riddle.
For a lot of people, July marks the start of their company’s fiscal year. (As a government employee, I get to wait til October for that fun.) The start of the fiscal year is sort of like declaring your independence from last year. Of course, you’re still stuck with any mistakes you made, and you might not have as much money to budget based on what happened last year, but on Day One of the fiscal year, you’ve got a blank budget and things can go anywhere.
Since Independence is celebrated in both the U.S. and in Canada this month, maybe it’s a good time to also celebrate your own financial independence. Put your mistakes behind you. Don’t dwell on them. Okay, so you have to dwell on them a little bit, because bills don’t just disappear. But make a plan to pay them. Start a new plan and set it in motion. Don’t worry about what you’ve done. Look toward the future. Celebrate the fact that you are getting closer and closer to your financial freedom.
Or if that sounds corny, maybe just go to a BBQ and have a few frosty beverages while watching fireworks and be glad you live in a country where that’s a normal way of life and that your biggest worries are money and not terrorism and an oppressive government. Or just enjoy the fact that it’s summer. Just be sure to enjoy yourself.
Here’s to celebrating financial independence and never depending on a bank or banker again.