Wednesday, May 23, 2012

Understand The Tightwad Vs Spendthrift Personality

Clench it tight--or can't wait to Spend??


These tough times reflect who amongst us are tightwads, and those who are spendthrifts. But, what does the way we spend money say about our personalities?


Instructions


1. Scientists are working to prove this point: that your brain has something to do with your money profile. Your brain and genetics can be held responsible for some of your saving or spending habits.


The tendency to save, squirrel stuff away and hoard, is the reality that your genetic makeup can have something to do with it, and urges to spend, squander or gamble your money away can also be explained by the internal workings of your mind.


2. It is pretty clear that the subjects of saving and consuming evoke different levels of happiness in people. Spendthrifts feel initially happy, but remorseful, later, as guilt ruins their mood. But, tight-wads are more miserable than spendthrifts A tightwad suffers while he buys something and then again afterwards. They suffer twice! They suffer because their need to be cheap is driven not by practical sense but rather by painful emotions of not wanting to part with their money.


3. So, since the tightwad and spendthrift both feel pain in spending, who spending habits leave them happy? Those folks who are able to spend frugally, and receive pleasure from a good NEEDED bargain, are happy spenders. So, as with everything in life, it appears (through scientific study) that those whose spending habits are in balance and sensible are relaxed in spending, and comfortable with savings.

Tags: spending habits, something with, that your, They suffer, your money