Can you penny pinch and still have fun? Frugal Living Quiz

Living Social and Groupon are the two biggest deals sites online, as of 2011.

Extreme Couponers sometimes use so many coupons they end up getting PAID for the stuff they buy!

Amazon Prime's Instant Video subscription costs about $6.67 per month and offers a decent selection of movies streamable to computers and some other Internet-connected devices.

True. Electronics like your TV, computer and cable box will draw small amounts of power when not in use. Save electricity!

CFLs can last 10 times longer than incandescent bulbs, making them well worth the higher retail price.

Buying in bulk online or at stores like Costco will help you save money.

Complact fluorescents use only a quarter of the energy of incandescent bulbs. That's a huge savings!

Comparing products by their price per weight will help you spend money most efficiently.

Biking and walking would save money, but those options might not be viable if you have a long commute. Try carpooling with coworkers to cut down on gas. Plus, you can drive in the carpool lane!

Amazon's Gold Box often features movies, games or other products with steep discounts.

Skype lets you make free IP-based calls and cheap calls to actual phones.

Slickdeals aggregates deals to keep visitors updated on great buys online, and users can also share the deals they find on the forums.

Impulse purchases sometimes work out, but more often than not we regret them. Make sure you really want something before buying it!

Grow a garden! Plant vegetables on the cheap and eat your own home-grown, fresh food!

Ikea hacks use Ikea parts to inventively create new pieces of furniture and décor.

Pay off the balances of your credit cards month-to-month to avoid paying any interest.

Huge retailers like Costco make you buy in large quantities, but you can save money by making bulk purchases!

Buying at the venue, instead of buying online through services like Ticketmaster, will save you the cost of added fees.

Thrift stores often have loads of clothes at great prices. Even if they're not all in perfect shape, a little savvy shopping will net you some perfect options.

Free budget software available through services like like Mint.com can help you set spending guidelines and keep track of where all your money's going. Get to saving!