Another interesting twist in the money-happiness debate

Another interesting twist in the money-happiness debate

Call it the tightwad paradox. Ultrafrugal people are likely to have money in the bank and be in good financial position, which should contribute to their happiness. But that death grip on their dollars can detract from it.

Tightwads feel an emotional “pain of paying.” They spend less than their rational selves want to, according to an academic study “Tightwads and Spendthrifts” by University of Michigan professor Scott Rick and co-authors.

“There’s an assumption in popular culture that everybody loves to buy stuff, and that’s just not true,” said Gretchen Rubin, author of The Happiness Project blog ( and a forthcoming book of the same name. “Some people hate to shop. That’s unpleasant too. No one ever talks about that. It’s stressful to be an underbuyer.”

To find out how to relieve the anxiety and find more happiness – click here