Most of us know that a parent’s excessive spending can send a lopsided message to a child, but as a colleague and friend of mine points out, so can excessive scrimping.
April Benson, Ph.D., a clinical psychologist and editor of I Shop Therefore I Am: Compulsive Buying & the Search for Self (Jason Aronson, 2000), has written about how her mother’s frugality influenced her:
“The financial poverty of my mom’s early life had a lasting effect on her. She was quite frugal, always worried about having enough, and found it hard to enjoy the money she did have.