My mom didn't have much growing up. Her family struggled to have enough food at times. She became extremely frugal as a result. Because of her penny-pinching habits, hard work from both her and my dad, and good investing, she is now very well off. She can afford, within reason, anything she wants. However, she remains as frugal as ever. I am talking that she won't buy something for $1.50 when she can get it elsewhere for $1.00. Old habits die hard.