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Um, I Already Knew That: The No-brainer Money Saver Quiz
by Staff
Some of the most basic money saving tips are easy to overlook or forget about. We're sure you already know about these no-brainer money savers, but test your knowledge … just in case.

Stores frequently put clothes that are out of season on the clearance rack at a steep discount.

  • true
  • false

Laundry detergent is a good product to buy in bulk.

  • true
  • false

While you're stocking up on detergent, buy a few jugs of bleach while you're at it.

  • true
  • false

Riding a bike to work can save you almost $50 per week.

  • true
  • false

Public transportation is the best option for the budget-conscious commuter.

  • true
  • false

Paper goods are ideal for buying in bulk. Go ahead, buy that 32-pack of paper towels as long as you have room to store it!

  • true
  • false

Versatile items are best when it comes to clothes shopping.

  • true
  • false

Buying in bulk can save you five to 10 percent on some items.

  • true
  • false

It's possible to make coffee at home for just a few cents per cup.

  • true
  • false

Turning the heat down when you leave the house is pointless because you use up any energy you save warming the house up again.

  • true
  • false

The recommended winter thermostat setting is 72 degrees Fahrenheit (22.2 degrees Celsius).

  • true
  • false

Planning your wardrobe can save you money by ensuring you only buy clothes you need.

  • true
  • false

You can slash a huge chunk out of your clothing budget by skipping pricey name brands.

  • true
  • false

It's pointless to buy a bathing suit in October. You'll lose it before summer comes around.

  • true
  • false

Meat would be a good item to buy in bulk.

  • true
  • false

You should turn your thermostat down to 55 degrees Fahrenheit (12.8 degrees Celsius) at night.

  • true
  • false

Turning down the heat when you leave or go to bed is a good idea for all types of heating units.

  • true
  • false

Turning down your thermostat can save you 1 percent or more per degree on your heating costs.

  • true
  • false

Riding a bike instead of taking a bus could save you more than $600 a year.

  • true
  • false

Fashion outlet stores often have name brand clothes at cheaper prices than department stores.

  • true
  • false