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I agree with you that is the choice they would make, but stand by my point that it hurts them rather than helps. I think you would find the book "Scarcity: Why having to little means so much" by Sendhil Mullainathan an interesting read.

What I got out of that book was that this behavior is built in at a much deeper level of our brains than you might expect and to counter it, and to get out of its grip, requires thoughtful action. In my case I find myself falling into these patterns with respect to spending time poorly when I don't have enough of it.

[1] http://scholar.harvard.edu/sendhil/scarcity



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