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Spring Spending Beware

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Spring is officially here (says the calendar anyway)! In my neck of the woods, we’re still experiencing temperatures below 20, but there is still something in the air that says spring and we’re all itching to get outside and get our bodies moving again. But, with Spring, our wallets tend to open up a little easier than in the winter time. Beware of spring spending!

I’m not sure why it is, but money sure flows out fast in the spring. Perhaps it has to do with these phenomenons:

  • Getting a tax refund check and feeling rich again
  • Buying new running shoes and active apparel
  • Getting suckered into a new shiny lawn mower for the year
  • Buying gardening equipment
  • Remodeling unnecessary areas in the house
  • Buying all new wardrobe items

Have you been itching to spend money? This is just a short reminder for you to be cautious with your spending during this Spring season. Do you really need that item you are about to buy? Will it add to your net worth or will it reduce it? Think two or three times before making those spontaneous purchases in the next few weeks.

Money

AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

2 Comments

  1. I think many of us struggle not only in the spring, but summer months too. I wonder if there has ever been a study to show that people spend more in the spring? I blame the weather.

    • I would be interested in that study if it exists! There are definitely plenty of things to buy in the spring and summer! Thanks for the comment Mike.


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