Yes. I consider it a skill. If you keep evaluating what you need vs what you don’t, you can save that money for the important things.
I wonder about this too.
I can recall a story in the papers some years ago where an elderly man passed away, and they found, literally millions of dollars stuffed in his mattress.. He was just a regular guy. A trucker as I recall, who simply didn't spend anything.
A lifetime of saving, even on a pretty medium wage can see this happen.
It does seem rather tragic to work your whole life and never enjoy the fruits of that labor.
It most psychological. Like many things there’s a huge emotional component involved. Personally, I once was so poor that I couldn’t buy shoes and now years later I make 250k+ a year. And let me tell you it is super BIZARRE. Even though it was decades ago my feelings about money were developed when I was so poor that shoes were a luxury item. I currently drive a 20 year old car and my pants are more than a decade old and have holes in them. I have tons of money in the bank but it feels so bizarre to spend it.
I can relate to that guy in the story. It’s mostly about emotions.