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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

5 Valuable Tips to Help You Achieve Financial Freedom

By Sabado Domingo

Are you constantly worried about money? Do you struggle to make ends meet from one month to the next? If so, you may benefit from taking a few steps to help improve your financial habits and health. You can start your quest for financial freedom by ...

Continue reading 5 Valuable Tips to Help You Achieve Financial Freedom

September 30, 2021

Great Ways to Find the Best Interest Rate for Your Home Loan

By Sabado Domingo

Mortgages can eat you alive. That's because even after identifying the home loan particulars you're looking for, you still have to find the best deal. For example, you may know that you are looking to finance $500,000 for 30 years. But how do you ...

Continue reading Great Ways to Find the Best Interest Rate for Your Home Loan

September 22, 2021

4 Ways to Cut Your Expenses and Reduce Your Cost of Living

By Sabado Domingo

Living can be expensive. Fortunately, there are more than a few ideas that you can take advantage of to make living more affordable. Here are four financial tips that can help reduce your expenses. 1. Track Your Spending Habits Tracking your ...

Continue reading 4 Ways to Cut Your Expenses and Reduce Your Cost of Living

September 16, 2021

4 Good Reasons Why You’re Overspending (and How to Stop It)

By Tex Freitag

During the second quarter of 2021, household debt in the United States jumped from $313 billion to $15 trillion. Credit card debt, in particular, rose to $787 trillion -- $17 billion higher than the previous quarter. This spike shows that it's more ...

Continue reading 4 Good Reasons Why You’re Overspending (and How to Stop It)

September 15, 2021

How I Manage My Finances In Just 15 Minutes Every Month

By Jim Wang

I'm not afraid of hard work; I'm deathly afraid of dumb work. I hate waiting in lines, I hate doing the same thing over and over again, and I hate doing something slow if there's a faster way to go about it. The engineer in me goes absolutely ...

Continue reading How I Manage My Finances In Just 15 Minutes Every Month

September 14, 2021

Bankruptcy: Financial Suicide or Fresh Start?

By Sabado Domingo

There are lots of things that you can do to commit financial suicide, especially when you live in a state with a high cost of living like California. If you do too many of them you can find yourself staring down the barrel of potential bankruptcy. ...

Continue reading Bankruptcy: Financial Suicide or Fresh Start?

August 25, 2021

5 Ways to End Your Financial Worries This Year

By Sabado Domingo

If your financial worries are keeping you awake at night, now is the time to address them and start making positive changes. It may seem like your problems can't be solved, but they can be and there are things you can do to make your money problems ...

Continue reading 5 Ways to End Your Financial Worries This Year

August 19, 2021

The Benefits of Financial Literacy to the Newest Generation

By Sabado Domingo

Knowing how to handle your finances by making the right decision is called financial literacy. It is the set of skills or knowledge that can help you achieve financial success. Many people don't bother to learn how to manage their finances because it ...

Continue reading The Benefits of Financial Literacy to the Newest Generation

August 6, 2021

How to Budget Your Discretionary Income for Non-Essential Purchases

By Sabado Domingo

After covering basic expenses like rent or mortgage payments, car payments, groceries, utilities, and so on, it can be hard to cut back on more fun discretionary spending such as going out to eat or buying the latest video game. However, by budgeting ...

Continue reading How to Budget Your Discretionary Income for Non-Essential Purchases

July 30, 2021

4 Life Saving Strategies for Those Who Are Deep In Debt

By Enero Febrero

If you're in a serious and seemingly irrevocable financial problem, you should consider your options. While it's not an easy task to fix your money problems, with some hard work, you can enjoy a financial future full of hope. If you are deep in debt, ...

Continue reading 4 Life Saving Strategies for Those Who Are Deep In Debt

July 29, 2021

8 Reasons Why You Should Consider Getting a Secured Credit Card

By Tex Freitag

It's normal to be wary of traditional credit cards. You might be trying to avoid debt or rebuild your credit from the ground up. Fortunately, you have options. Secured credit cards, for example, can be a smart alternative to the other plastic in ...

Continue reading 8 Reasons Why You Should Consider Getting a Secured Credit Card

July 22, 2021

10 Famous People Who Have Gone Bankrupt

By Mikey Rox

Being rich and famous can set you up for life -- and well beyond that -- but it also can make otherwise smart people do really stupid things with their money. Just ask MC Hammer, who very famously filed for bankruptcy after spending his estimated $33 ...

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July 20, 2021

How Credit Reporting Agencies Calculate Your Credit Score

By Len Penzo

In order to talk about what is considered when calculating your credit score you need to first understand what shows up in your credit report. Your credit report is a history of how you have used or abused your credit. This report is created by one ...

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July 15, 2021

3 Things You Shouldn’t Buy with a Credit Card (and 1 You Always Should)

By Tex Freitag

Credit cards shouldn't scare you; when used correctly, they're actually the most rewarding form of currency available today. Seriously, when's the last time you were rewarded with airline miles for using cash? And while it's highly recommended that ...

Continue reading 3 Things You Shouldn’t Buy with a Credit Card (and 1 You Always Should)

July 13, 2021

What Is Medical Debt and How Do You Get Out of It?

By Corazon Gritar

Medical debt can be a confusing situation, and without understanding it, you may find it hard to get out. Thankfully, the situation doesn't have to be bleak, and with a couple of tips, you can start to understand how you can get out of medical ...

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July 9, 2021

Understanding Your Credit and Loan Options After Filing Bankruptcy

By Enero Febrero

In the financial world, bankruptcy is often one of the most tragic and debilitating processes a person can go through. It can cause stress that never goes away. It can financially destroy a person's life, making them live a lower standard of living ...

Continue reading Understanding Your Credit and Loan Options After Filing Bankruptcy

June 15, 2021

9 Important Money Tips Every Dad Should Teach His Kids

By Len Penzo

Kids, with Father's Day right around the corner, I hope you don't mind if your dear old dad takes a few minutes to give you a little bit of fatherly financial advice. Despite what your mom says, I don't profess to know everything -- okay, I guess ...

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June 14, 2021

What Is Debt Consolidation and How Can It Benefit You?

By Sabado Domingo

money management strategies

Do you pay for several loans at the same time? If so, you should know that it's possible to combine them and pay less by a common financing technique known as "debt consolidation." Why choose consolidation? Better than regular refinancing. Wherever ...

Continue reading What Is Debt Consolidation and How Can It Benefit You?

June 8, 2021

The Best Alternatives to Payday Loans

By Enero Febrero

Payday loans get a bad rap; unfortunately, a lot of it is warranted. They offer horrible rates and fees that many people rightfully consider predatory. For many, payday lenders can seem like the only option. But getting financing for an emergency ...

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June 8, 2021

A Few Minutes With Personal Finance Genius Rich Livingston

By Len Penzo

Occasionally, I enjoy reading enlightening conversations with respected personal finance experts. But after making numerous interview requests over the past couple of months, it was obvious to me that most of those respected experts still didn't want ...

Continue reading A Few Minutes With Personal Finance Genius Rich Livingston

May 24, 2021

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