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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Black Coffee: Smart Money, Dumb Economists, and the Gold Standard

By Len Penzo

Black Coffee: Smart Money, Dumb Economists, and the Gold Standard

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Let's get right to it this week ...

Continue reading Black Coffee: Smart Money, Dumb Economists, and the Gold Standard

10 Comments October 29, 2016

How Economic Events Influence the Forex Market

By Tex Freitag

How Economic Events Influence the Forex Market

Just like commodities, currency exchange prices are also influenced by the forces of demand and supply. These forces are triggered by several aspects, which cause increase or decrease of demand or supply suddenly, thereby causing the fluctuation of ...

Continue reading How Economic Events Influence the Forex Market

1 Comment October 28, 2016

Is It Better to Be Prequalified or Preapproved for a Mortgage?

By Len Penzo

Is It Better to Be Prequalified or Preapproved for a Mortgage?

Readers: This is article 23 of 25 from my no-nonsense "Mortgage Basics" quick-reference series. The difference between being prequalified or preapproved for a home loan can be a critical factor in determining whether or not you'll get the home of ...

Continue reading Is It Better to Be Prequalified or Preapproved for a Mortgage?

Leave a Comment October 27, 2016

4 Things Everyone Needs to Know Before Pitching a Client

By Enero Febrero

4 Things Everyone Needs to Know Before Pitching a Client

It doesn't matter what line of work you're in; if it comes down to working with clients, making sales, or even getting everyone on board, then you need to know how to manage your clients. That's exactly why you should take the time to study and ...

Continue reading 4 Things Everyone Needs to Know Before Pitching a Client

Leave a Comment October 26, 2016

12 Painless Ways to Save $2000 Before the Holidays (Part 2)

By Mikey Rox

12 Painless Ways to Save $2000 Before the Holidays (Part 2)

Editor's Note: Part 1 of this article can be found here. While I always recommend having a second source of income to cover increased holiday spending, you can also cut back your budget. In Part 1 of this article I showed you six painless ways to ...

Continue reading 12 Painless Ways to Save $2000 Before the Holidays (Part 2)

Leave a Comment October 25, 2016

12 Painless Ways to Save $2000 Before the Holidays

By Mikey Rox

12 Painless Ways to Save $2000 Before the Holidays

The holidays are less than two months away, and if you don't yet have enough cash stashed to cover all the upcoming expenses -- like hosting family dinners, gifts, and all that extra gas you'll use driving around town from here to BFE -- its time to ...

Continue reading 12 Painless Ways to Save $2000 Before the Holidays

Leave a Comment October 24, 2016

Black Coffee: The Lunatics Are Running the Asylum

By Len Penzo

Black Coffee: The Lunatics Are Running the Asylum

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Okay, off we go ... Credits and ...

Continue reading Black Coffee: The Lunatics Are Running the Asylum

17 Comments October 22, 2016

European Yields Are Playing Catch-Up

By Tex Freitag

European Yields Are Playing Catch-Up

The forex markets are consolidating after experiencing robust volatility, especially for sterling, as a hard Brexit is in the cards. Yields in the U.S. have been moving higher making the pound less attractive but, it now appears that European yields ...

Continue reading European Yields Are Playing Catch-Up

1 Comment October 21, 2016

How Does a Secured Credit Card Work?

By Len Penzo

How Does a Secured Credit Card Work?

Readers: This is article 24 of 25 from my no-nonsense "Credit Card Basics" quick-reference series. Secured credit cards are primarily used to help people build credit. Like any other regular credit card, a secured credit card comes with a credit ...

Continue reading How Does a Secured Credit Card Work?

Leave a Comment October 20, 2016

How to Take Control and Manage Your Money When You’re Deep in Debt

By Tex Freitag

How to Take Control and Manage Your Money When You’re Deep in Debt

If you're lost in financial debt, getting back in control can seem like an uphill struggle. With the high cost of living and stagnant wages, it's not always easy to pay what you owe -- especially if you've been borrowing from multiple creditors ...

Continue reading How to Take Control and Manage Your Money When You’re Deep in Debt

1 Comment October 19, 2016

How the ‘Pink Tax’ Ensures Women Pay More for Goods and Services

By Anum Yoon

How the ‘Pink Tax’ Ensures Women Pay More for Goods and Services

Ladies: Watch out for the Pink Tax. You probably won't see any news about it in the papers, as it's nothing Congress has passed or proposed. If you're a woman, though, chances are you've experienced it or maybe even noticed it creeping up on your ...

Continue reading How the ‘Pink Tax’ Ensures Women Pay More for Goods and Services

1 Comment October 18, 2016

6 (Really) Frugal Halloween Costume Ideas for the Kids

By Len Penzo

6 (Really) Frugal Halloween Costume Ideas for the Kids

So the Honeybee took our two kids out shopping for Halloween costumes this week and spent a grand total of $69.43. This is not only a ghastly amount of money to spend on Halloween costumes, but it's totally unacceptable in my opinion. What, ...

Continue reading 6 (Really) Frugal Halloween Costume Ideas for the Kids

7 Comments October 17, 2016

Black Coffee: Are We In Utopia Yet?

By Len Penzo

Black Coffee: Are We In Utopia Yet?

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Let's get right to it today ...

Continue reading Black Coffee: Are We In Utopia Yet?

10 Comments October 15, 2016

The Tried-and-True Guide to Wealth Creation

By Sabado Domingo

The Tried-and-True Guide to Wealth Creation

You work hard day after day and feel that instead of working for your money, you could make money work for you. It is likely that you know people who seem to have a lot of free time, are less stressed are able to afford to go rock climbing or fly ...

Continue reading The Tried-and-True Guide to Wealth Creation

2 Comments October 14, 2016

What Is a Subprime Mortgage?

By Len Penzo

What Is a Subprime Mortgage?

Readers: This is article 22 of 25 from my no-nonsense "Mortgage Basics" quick-reference series. Subprime mortgages are designed for homebuyers with poor or limited credit histories -- typically, anyone with a credit score less than 620. They're ...

Continue reading What Is a Subprime Mortgage?

1 Comment October 13, 2016

The Benefits of Green Washing

By Sabado Domingo

The Benefits of Green Washing

Did you know that your home appliances make up a third of your water and energy consumption? Many washing machines are designed to be largely energy and water efficient, so you can rest assure you're helping the environment while reducing your ...

Continue reading The Benefits of Green Washing

3 Comments October 12, 2016

4 Ways to Make Saving Fun by Turning It Into a Game

By Mikey Rox

4 Ways to Make Saving Fun by Turning It Into a Game

We all want to save money -- and it sounds easy in theory -- but for many us saving is difficult. It may be hard because we don't make enough money to send to our savings accounts, or perhaps we're spending too much of what we earn on frivolous ...

Continue reading 4 Ways to Make Saving Fun by Turning It Into a Game

2 Comments October 11, 2016

19 Things Your Suburban Millionaire Neighbor Won’t Tell You

By Len Penzo

19 Things Your Suburban Millionaire Neighbor Won’t Tell You

That's right. Although having a million bucks isn't as impressive as it once was, it's still nothing to sneeze at. In fact, CNBC reports that in 2015 there were 10.4 million millionaires in the United States alone. That's a lot of people, ...

Continue reading 19 Things Your Suburban Millionaire Neighbor Won’t Tell You

138 Comments October 10, 2016

Black Coffee: Reports of a Hurricane are Unfounded

By Len Penzo

Black Coffee: Reports of a Hurricane are Unfounded

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Okay, let's get right to it ...

Continue reading Black Coffee: Reports of a Hurricane are Unfounded

14 Comments October 8, 2016

Is Mortgage Interest Tax Deductible?

By Len Penzo

Is Mortgage Interest Tax Deductible?

Readers: This is article 21 of 25 from my no-nonsense "Mortgage Basics" quick-reference series. Homeowners who choose to itemize can deduct interest from their income taxes on as much as $1 million in mortgage debt and up to $100,000 of home ...

Continue reading Is Mortgage Interest Tax Deductible?

Leave a Comment October 7, 2016

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  • Black Coffee: Smart Money, Dumb Economists, and the Gold Standard
  • How Economic Events Influence the Forex Market
  • Is It Better to Be Prequalified or Preapproved for a Mortgage?
  • 4 Things Everyone Needs to Know Before Pitching a Client
  • 12 Painless Ways to Save $2000 Before the Holidays (Part 2)
  • 12 Painless Ways to Save $2000 Before the Holidays
  • Black Coffee: The Lunatics Are Running the Asylum
  • European Yields Are Playing Catch-Up
  • How Does a Secured Credit Card Work?
  • How to Take Control and Manage Your Money When You’re Deep in Debt

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