As we prepare for another Thanksgiving, it’s time
to turn our attention to the simple things in life. Thanksgiving gives
us a moment to strengthen our bonds with family and show our thanks for
all the blessings we normally take for granted. In the face of continued
financial hardship,
it’s also a reminder to make the most of what we have. Instead of
focusing on what we lack, let’s examine ways to build upon our
blessings. Below are a few important financial lessons we can learn from
Thanksgiving:
The Joys of a Home-Cooked Meal: Thanksgiving reminds us that a
big home-cooked meal can turn any dinner into a special ritual. Taking
the time to cook a big meal instead of going to a restaurant is cheaper,
healthier and allows families to show off their creativity and skills
while spending quality time together in the kitchen. Eating out daily adds up quickly. Down the road, those expenditures may leave you vulnerable and ill-prepared to deal with an unexpected cost or emergency.
The Best Things in Life Are Free (or Inexpensive):
Thanksgiving also reminds us that our happiest memories don’t have to be
tied to expensive vacations or fancy outings. Having a good time can be
as inexpensive and easy as inviting friends over for a potluck dinner,
renting a movie or playing board games with family. If your
entertainment spending is putting you in a financial bind, it may be
time to reassess your priorities and simplify your outlook. Tying too
much of your happiness to expensive brands and gadgets guarantees that
you’ll remain discontent no matter how much you spend. Focus on
cultivating the inner resources you’ll always have in abundance, like
personal talents, friendship and compassion.
Giving Is Its Own Reward: the holidays are a popular time for food drives
and gift banks, but even during this season many of us fixate on our
own have-nots because we’re constantly bombarded by consumerist ads and
images. Helping the less fortunate can clear our minds of these
distractions and bring our core priorities and values back into focus.
Enrich your life and extend the spirit of giving beyond the holidays by
taking advantage of year-round volunteer opportunities
at charities, animal shelters or other organizations that give back to
the community. These volunteer experiences are not only good for the
soul but good for the resume.
Celebrate Your True Wealth: finally, Thanksgiving reaffirms
the central importance of our relationships with loved ones. Our
prosperity and well-being as individuals depend directly on the strength
of our personal support network and our community at large. Without
their help, none of us would be able to achieve true wealth. Rejoice in
your interdependence with others, especially your family and friends —
they’re the most important asset you’ll ever have.
Dedrick Muhammad
is the senior director of the NAACP Economic Programs. To learn more
about preventing foreclosure and personal finance, check out the NAACP Financial Freedom Center Facebook Page or on Twitter @naacpecon.
Courtesy Of BET
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