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Money Saving Pop Quiz. How Frugal Are You?

January 28, 2007

If you called into the Suze Orman show and she asked if you were frugal how would you answer? Below are some questions that can help you figure out how thrifty you really are.

Meals
Do you bring your lunch or go out to eat? Do you take home leftovers or leave them on the plate? Do you buy store brand or name brand at the grocery store? Do you buy food from vending machines?

Transportation
Do you take public transportation or drive your own vehicle? Do you combine multiple trips into one to save on gas? Does your vehicle get better than 24 MPG?

Entertainment
How big is your TV screen? How many channels do you have? When you go to the movies do you buy refreshments there or sneak in your own?

Shopping
Do you research your purchases for the best deal or do buy on impulse? Do you price items online at sites like froogle.com? Do you buy off-season?

Hygiene
Do you take baths or showers? Do you let the water run when you brush your teeth? Do you choose where to get your haircut based on the best coupon you have?

Clothing
Is there a name brand on your shirt? Do you pay the retail price for clothes? How many pairs of shoes do you own? How long do you wear your shoes before getting rid of them?

Scoring
This quiz will be graded on the honor system, common sense will tell you how you did. There are many more questions that could be asked but these should give you a general idea of how good you are at saving money. If you didn’t do so well, spend a few weeks or months making some changes then come back and take it again. Good luck!

Ben

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Ben
Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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Written by Ben Edwards · Filed Under Frugality, Saving 

Comments

4 Responses to Money Saving Pop Quiz. How Frugal Are You?

  • ispf
    February 3, 2007 at 4:54 pm

    […] And while we are looking into ourselves, check out Money Saving Pop Quiz. How Frugal Are You? at Money $mart Life. It’s light reading that invokes deep thinking. I dig such things 🙂 A quiz graded on the honor system, by using common sense as a judge. Cool 🙂 […]

  • moneysmartz
    February 1, 2007 at 9:18 am

    Sounds like you’re a frugal frugalson!

  • Prince of Thrift
    January 31, 2007 at 4:44 am

    you asked how I did, here is a summary:
    Meals
    I try to remember to take my lunch to work, or I will go hungry.
    I don’t eat out…especially in sit down resteraunts.

    Store brand purchases tend to be mixed…like peanut butter, I can tell the difference, but milk canned veggies are the same.

    usually avoid vending machines.
    —-
    clothing
    I buy from Thrift Shops for most of my clothing
    —
    Entertainment
    rarelly go out to movies…have a 22″ TV with cable (about 35-40 channels—use about 15 of them)
    —–
    Hygine
    I shower everyday, I do not let water run when brushing teeth or shaving.

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