This is Part 2 in understanding your financial behavior to help increase your personal and financial success. You may even be able to help someone else to be more successful with this information. If necessary read the previous article, “Learn What Your Financial Behavior is if You want to be More Successfull Part 1.”
In this article you are provided information about Tightwad, Miser, Frugal and Prudent behavior. Then part 3 will provide information on Impulsive and Spendthrift behavior along with a final summary.
Spectrum of Financial Behaviors
At the far left of the spectrum is the category called Tightwads. Those in this extreme can exhibit a pathological behavior of hoarding money and other material things, even items of little or no value. Tightwads don’t spend because they find the prospect of spending emotionally painful, and therefore tend to spend less than they should. They think they
must hoard to the point of greediness. It can become an obsession. Tightwads will not give away any possessions to help someone else nor as a sign of appreciation. They short-change their spouses and their children. Never would they tip a waiter or waitress for great service.
Miser Financial Behavior
A Miser is a person who is reluctant to spend money, sometimes to the point of forgoing some basic comforts. Misers are not pathological hoarders of money and materials like Tightwads can be. Nor