Quote:
Originally Posted by Boomer
rg123, I think it goes beyond just your “savers and spenders” b&w categories. I think it’s more of a spectrum because there are extremes at either end.
The psychology of money is fascinatingly complex.
There are savers who are quietly careful with their money because they need to be. That makes good sense.
And there are savers who are sensible savers because they are planners and that makes sense to me, too.
But then there are other types of “savers” whose personalities go beyond need or just that “rainy day” routine.
Sometimes certain types of “savers” go overboard because they are control freaks and that trait carries over into other parts of their lives, too. That is just their nature. Control freaks are toxic to relationships.
Then we have the “savers” who make a game out of being just plain cheap — you know, like those who conceal-carry their individual packets of Crystal Light into TV restaurants and then order water — and if they are really tacky, they order water with lemon. (I don’t care if somebody needs to order just water with their restaurant meal, but to whip out those little make-your-own packets is ill-mannered, to say the least.)
If I may, I will add my interpretation of your statement that you have more money saved than you will ever spend………
I am not going to go all judgey on you and say you are bragging……..
I think what you mean could be the same thing as what a very wise woman (who taught me some things I know about money) told me when she was a few years into a comfortable, no money worries, retirement………
She said, “Ya know, by the time you can buy anything you want, you don’t want it anymore.”
Boomer
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This thread is about inflation. My only point was that, if you have no assets saved, the only effect inflation has on you is the day to day cost of the things you buy. But, if you have savings, and the available interest rate on savings is lower than the inflation rate, your saved money is affected as well as your daily expenses. In the past, the interest rate was much higher on savings, so you were not affected as much by inflation.