So, based on your explanation, they actually don’t have more money than sense.I understand the saying perfectly. Essentially it's about people who have decent money coming in, but don't spend it wisely or strive for any value for money in their spending. They just waste money and spend frivolously and have very little to show for it after it's been spent.
For example, I know people who spend money like water; they run expensive cars, go on expensive holidays, buy expensive clothes etc - BUT, and here's a big but, they still live in rented accommodation, have no financial investments, no private pension, and bugger all savings in the bank. Some are seriously in debt and spend a fortune on loan/CC interest repayments. Their existence is all about projecting a certain image of wealth, but it's an illusion, in reality they haven't got a pot to pee in that actually belongs to them. On the other hand, you could be forgiven for thinking I was living hand to mouth, because I don't splash cash around, whereas I do have my own paid-for house, investments, pension, and savings. I'm happy to spend on the right things but if and only if, I believe that what I'm spending on offers VFM and the thing I'm buying has some intrinsic value.
With respect to the way that you’re careful with your cash, there’s admiration in that whilst at the same time some people might think you actually have more money than sense by not enjoying it.
My point is, there is a happy medium surely, where you don’t spend beyond your means but that you also enjoy your earnings.
I know that you will reply stating that you do enjoy what you have, but we are discussing how others perceive you to be, when it comes to the title of this thread. Don’t judge others as you wouldn’t be expected to be judged yourself.