The Psychology of Tightwads

This chapter explores the mindset of 'tightwads,' individuals who resist spending despite financial stability, often shaped by past hardships. It examines their emotional struggles and how these impact their ability to enjoy wealth, including regret over missed experiences. The discussion contrasts tightwads with spenders, highlighting the psychological effects of each approach to money, including phenomena like the 'what the hell effect' related to impulsive purchases.