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Feel the Pain? Scientific study says you are frugal!

May 24th, 2011 at 09:43 am

HaHa! I knew it had to be fate! Frugal lifestyle is partly genetic according to a university study by a marketing professor who conducted brain imaging to reveal that frugal people quite literally "feel" the pain of spending in a way that other people do not.

(A marketing expert? Of course! Maybe sponsored, maybe purely out of interest!)

Read the whole article here.

The source is Miller-Mccune Magazine, a very refreshing news source that I find balanced and fact based instead of short-attention-span and dumbed-down as much of other available media exhibits. They proport to use "current academic research with real-time reporting to address pressing social concerns". You can get the issues free via email (sign ups at the bottom of the Frugal Study article).

5 Responses to “Feel the Pain? Scientific study says you are frugal!”

  1. dmontngrey Says:

    Does this mean I'm adopted??

  2. pretty cheap jewelry Says:

    How did your parents behave with $? Don't forget the article says marketing professor "Rick believes frugal behavior is not entirely a genetic predisposition but also may reflect early environmental influences such as parental spending habits".

  3. MonkeyMama Says:

    Interesting.

    Our families have money saving personalities, but also were greatly influenced by the depression, etc. I'd assume a little of both. Other personality types probably reacted differently to the depression and hard times.

    Is this why I completely disconnect with people when they try to tell me spending money is essential to happiness??? Big Grin Seriously though. Some conversations in the blogs and thread - I just don't relate at all. This study probably explains the vast psychological gap between someone who finds pleasure in spending and someone who feels pain!

  4. dmontngrey Says:

    My mother currently is (and probably always has been) a financial DISASTER! My dad doesn't really stand out in either direction with money. I don't think he has much though. He never was very successful with money. My mother just wants to "have fun" and doesn't care to be responsible. I make sure her bills are paid each month (with her money). I became frugal on my own somehow, and later on learned what a disaster she is financially. I grew up thinking she didn't make enough money. She really doesn't, but she sure isn't frugal with it at all.

  5. Jerry Says:

    My parents were terrible with money until about the past 7-10 years or so. Actually, they are still not exactly razor sharp with it, but their new mindset leads them to have a budget and stick to it, which is more than I can say for most people I know! I was horrible with money too, until about a decade ago, and I'm still in school so I have precious little to manage at the moment. Still, I appreciate the knowledge that I have now, so that I have some insurance of being able to manage income when I have it. Really interesting study, there, thanks for posting it!
    Jerry

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