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Showing posts with the label #hoarding

Is Cheapskate a Mental Illness?

In our society, we often come across individuals who exhibit extreme frugality and an unwillingness to spend money even on essential items. While some may label such individuals as "cheapskates," it is important to distinguish between a personality trait and a mental illness. Being frugal or conscious of one's spending does not necessarily indicate a mental disorder. However, there are instances where extreme penny-pinching behaviors can be associated with certain psychological conditions. Personality Traits and Financial Habits Frugality, thriftiness, and conscientiousness with money can be considered as personality traits. Some individuals naturally have a strong inclination to save and prioritize financial security. Such behaviors are often learned from upbringing, cultural influences, or personal values. While these individuals may be more cautious with their spending, they are generally able to strike a balance between saving and meeting their basic needs. Obsessive-...