Psychological Differences Between Tightwads and Spinthriffs

Tightwads and spinthriffs exhibit psychological distinctions in their approach to spending. Tightwads experience distress when making optional purchases, while spinthriffs lack similar reservation. Despite their apparent differences, both groups share feelings of regret. An example highlighted a tightwad's regret after opting for a less expensive restaurant for a special occasion, while spinthriffs similarly experience remorse over their spending decisions.