5. “I Am Frugal and I Can’t Enjoy Life”

This is the other extreme end of people who love splurging. This type of personality ends up saving a lot of money but foregoes a lot of necessary items in the process. Unlike other personalities in this list, such people actually have a sane financial plan. Still, this type too has its cons. Frugal people end up being the object of ridicule and humour if they exercise frugality in all spheres. They should not that splurging once in a while is fine but you mustn’t jeopardize your savings.

What to Do: As you tend to be very cautious with money, go for sales and seasonal discounts. If you are dying to but a branded jean but your frugal nature stops you, then wait and but the item on a sale. This way you fulfill your need without compromising your savings.