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Being a cheap person is not the same as being frugal. Learn 15 sneaky signs of being a cheapskate and how it impacts your finances and relationships.
After all, wealth brings all sorts of advantages, like improved health, greater freedom and control over your life, nicer things, respect from your friends and peers. Yet new research suggests that wealth may also come with certain costs, and impact our social interactions in ways that we overlook. The empathy gap.
Cheap people are driven by saving money regardless of the cost; frugal people are driven by maximizing total value, including the value of their time.
Why Many Rich People Are Frugal. The unusual mindset of many rich people...and why you might want to adopt it. Posted March 6, 2015. Source: Courtesy, OpenClipArt.org. I have a client I'll...
What drives people to spend thousands on products and experiences that could cost far less? Tiffanie Wen investigates.
Do you or someone you know go beyond being a cheapskate? If so, you may have a money disorder -- one that financial therapists call "underspending." Here are some symptoms of a chronic...
What drives us to spend too much? Behavioral economics provides some insights as to why we go over budget and how to curb the impulse. 1. Opportunity cost neglect. In a world of scarcity,...
