Can't Buy Happiness?  Money, personality, and well-being  People
Who Spend Freely Do Not Spend Wisely finds tightwads are more
likely to purchase experiences.  In today’s uncertain economic
climate, many people are becoming more aware of their spending
habits. People who spent freely and pay little attention to
personal debt before the recession are now paying more attention
to how they feel when they make decisions that affect their
finances.   Psychologists have recently begun to study the
emotions that people experience when parting with their
money. Psychologists use the term “pain of paying” to describe
the stress and anxiety people feel when spending money. Those
who feel too little pain of paying are called ‘spendthrifts’
while those who feel too much pain of paying are referred to as
‘tightwads’. Researchers at BeyondThePurchase.Org were
interested in comparing the spending habits of spendthrifts and
tightwads to learn more about how their financial behaviors
affect their happiness. They wondered if t