LibraryScenariosWhy frugal habits persist after financial circumstances improve
Scenario

Why frugal habits persist after financial circumstances improve

I make good money but I still shop at thrift stores and clip coupons and my friends think I am cheap but I cannot explain why I do it.

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The coach is replying

More people experience this than they realize.

What we've seen

Behavioral patterns formed during scarcity serve as psychological insurance against its return.

Ideas that help explain it
Worth thinking about

“Where Are You with Money and mental health?”

If this sounds familiar, the Library can help you find the bigger picture.