Money-Saving Strategies Quiz

What term is used to describe someone who saves money by not spending unnecessarily?

• Borrower

• Investor

• Spender

• Penny-pincher

Which of the following is a negative term for someone who is overly cautious with money?

• Generous

• Frugal

• Wealthy

• Cheap

What is the main difference between a penny-pincher and a cheap person?

• A cheap person buys everything on sale.

• A penny-pincher buys only luxury items.

• A cheap person spends freely.

• A penny-pincher buys necessary items at a lower cost.

What tool does Ronnie recommend for finding the best deals at supermarkets?

• Newspaper

• Flip app

• Television

• Radio

What should you do if you want to buy something but it's not on sale yet?

• Buy it immediately.

• Forget about it.

• Borrow money to buy it.

• Wait patiently for a sale.

What is a recommended strategy to avoid unnecessary purchases at the mall?

• Buy items on impulse.

• Visit the mall frequently.

• Only go to the mall when you need something.

• Browse for fun.

What is the expression used for bringing your own lunch to work?

• Pack it

• Brown bag it

• Lunchbox it

• Carry it

How much can you save weekly by making coffee at home instead of buying it?

• $20

• $30

• $10

• $42

What is a cost-effective alternative to taking a taxi?

• Flying

• Driving

• Walking

• Renting a car

What is a common misconception about organic products?

• They are always cheaper.

• They are guaranteed to be organic.

• They are less healthy.

• They are available everywhere.