In astronomical terms, a blue moon really doesn't denote that long a time span. In fact, a blue moon happens once every 2.7 years on average.
Still, it's a special event that, at least using its modern definition, happens when there are two full moons in a single month.
Today (Aug. 1) we'll see a full-moon and that is a prelude to the blue moon of Aug. 31. As Space.com reports, the Aug. 31 moon will reach its full phase during the day.