Handling money is almost, or more, complicated than handling love and sex. People want both so much that it often scrambles their brains and incites irrational or self-destructive behavior (see our morning links today).
Money is difficult to obtain, all too easy to get rid of. Romance and sex are easy to obtain, difficult to get rid of. Having some money put aside means security and power over a crazy world, and love and sex mean, well, whatever they mean to you.
I once lived beyond my means, and made all sorts of rationalizations for it (eg turning wants into needs, like shoes, luxurious impulses, and "therapeutic shopping"). I learned from that, and some discipline from a financial spouse helped. I was smart about love, but dumb about money even though, before I married, I worked for every penny.
This is right: Self-Control Makes for Savvy Saving. Wealthy people hate to spend money.
Re spending saved money, Actually, Some Material Goods Can Make You Happy