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Here’s some mid-week fun for Moolanomy’s readers. Have you ever wondered if you are frugal or cheap? I do. I always consider myself frugal, but my wife calls me cheap — go figure!

Here’s a little test. Just answer the 10 questions below and write down your answers on a sheet of paper.

Are You Frugal Or Cheap?

1. Do you eat out (not counting lunches at work)?

All the time 2-3 times a week 2-3 times a month Never

2. When you eat out, do you?

I order whatever I crave Order an entree for each person and take leftover to go Share our meals to save some money I don’t eat out!

3. What do you drive?

The latest and greatest 2 years lease can buy I buy new car every few years I always buy used car I don’t own a car

4. What kind of TV do you have?

1080 HDTV, of course! A flat screen TV, but not the latest and greatest I still have the one I bought 10 years ago I don’t have a TV

5. What cable/satellite package do you have?

Premium channel with everything under the sun Just the basic channels so I can watch the news Whatever I get with the rabbit ears I don’t have a TV

6. You have some old clothes, do you?

What are you talking about, I don’t have old clothes. I donate them when they get a little older I turn them into rags I am still wearing them

7. When you buy something, do you?

I buy what I want, whenever I want I occasionally splurge on what I want I only buy what I need, clip coupons, use discount cards, etc. I avoid making any kind of purchases

8. When you receive gifts, do you?

I take them back to the store to trade up I keep all my gifts I may return or re-gift some I sell them on eBay for cash

9. When you buy clothes, do you?

I always shop brand names I usually buy when they are on sale I usually shop at goodwill and thrift stores I ask my friends and family for hand me downs

10. Regarding your lunches, do you?

I always go out to the local restaurants I mostly eat low cost take out lunches I occasionally pack my own lunch I always pack my own lunch

Rate Yourself

For each question, give yourself: 1 point for any #1 answer, 2 points for #2, 3 points for #3, and 4 points for #4. Add up the points and rate yourself:

35+ = You’re definitely cheap

25-34 = You’re frugal. Good job!

16-24 = You’re not frugal, but you appear to be reasonable with your spending habits

10-15 = There are a lot of opportunities for you to save money

I scored 20 points. Look like there are some opportunities for me to be a little more frugal.

Here are a couple of frugal versus cheap to wrap up the article: