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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Are There Benefits to Cosigning a Loan?

By Enero Febrero

financial health check

Have you been invited by a family member or a friend to be a cosigner for their loan? Or have you ever experienced the need to have a cosigner to be approved for a loan? Everyone who is suffering from a bad credit score might already have ...

Continue reading Are There Benefits to Cosigning a Loan?

May 10, 2021

Don’t Be Fooled: A High Income Doesn’t Guarantee Financial Freedom

By Len Penzo

Remember Illinois Governor Rod Blagojevich? He's the guy who was impeached in 2009 and then convicted in Federal court a couple of years later on multiple corruption charges, including the solicitation of bribes for political ...

Continue reading Don’t Be Fooled: A High Income Doesn’t Guarantee Financial Freedom

May 3, 2021

Personal Finance For Dummies: It’s as Easy as A-B-C

By Len Penzo

Most procrastinating high school and college literature students know that when they've put off their reading assignments to the point where they no longer have the time to actually read the book, they can always rely on Cliffs Notes. Some kids ...

Continue reading Personal Finance For Dummies: It’s as Easy as A-B-C

April 19, 2021

22 Smart Money Tips Everyone Can Learn by Playing Doctor

By Len Penzo

So ... Who wants to play "doctor"? I know what you're thinking, but you can relax. I promise nobody will end up in the principal's office after we're finished here. That's because this version only focuses on taking a peek at our ... personal ...

Continue reading 22 Smart Money Tips Everyone Can Learn by Playing Doctor

April 12, 2021

9 Ways to Use Your Money After the Mortgage is Paid Off

By Len Penzo

The afterlife; it's one of mankind's greatest mysteries. In the world of personal finance, we "crossover" the moment our last mortgage payment is made, and for many folks, what lies on the other side is no less perplexing. Last month I received ...

Continue reading 9 Ways to Use Your Money After the Mortgage is Paid Off

April 5, 2021

Know Thyself: How to Determine the Best Financial Advice for YOU!

By Antonio Fortunato

Is your financial freedom and success influenced more by who you are than by what you know and which financial planning ideas you follow? Is it possible wealth-management and financial-planning tips are like golf or weight-loss tips? That is: ...

Continue reading Know Thyself: How to Determine the Best Financial Advice for YOU!

March 31, 2021

Why You Need a Household Strategic Plan (and How to Create One)

By Len Penzo

"Always have a plan." That's one of the most important pieces of advice I've ever received, if only because it applies to so many things in life -- and it's especially true with our personal finances. The household CEO is not only responsible ...

Continue reading Why You Need a Household Strategic Plan (and How to Create One)

March 22, 2021

The 10 Dumbest Reasons to Get an Online Loan

By Tex Freitag

Have you ever done something dumb for money? Like really, truly dumb? Have you ever just taken out a loan and been like, "why did I do that?" More than a few geniuses among us have decided to take out online loans for spectacularly idiotic reasons; ...

Continue reading The 10 Dumbest Reasons to Get an Online Loan

March 19, 2021

3 Ways to Improve Your Chances of Approval for a Personal Loan

By Sabado Domingo

Perhaps you're experiencing financial difficulty, or find yourself in a less-than-desirable situation. Whatever the circumstance is, a personal loan might be just what you're looking for. Of course, a personal loan allows you access to a certain ...

Continue reading 3 Ways to Improve Your Chances of Approval for a Personal Loan

March 12, 2021

The 7 Most Popular Ways to Commit Financial Suicide

By Len Penzo

I recently got back from a sightseeing trip around the San Francisco Bay Area. Of course, one of the most popular attractions in San Francisco is the beautiful Golden Gate Bridge. It's absolutely breathtaking to behold in all its ...

Continue reading The 7 Most Popular Ways to Commit Financial Suicide

March 8, 2021

A Few Thoughts from Aunt Doris: How to Make Ends Meet

By Aunt Doris

This is a reposted article in an occasional series from my dear Aunt Doris, who passed away in 2015 at the age of 94. When it comes to staying out of debt and making ends meet, I can only tell you what's worked for me. I was left a young ...

Continue reading A Few Thoughts from Aunt Doris: How to Make Ends Meet

March 5, 2021

How to Get Fast Approval on Installment Loans

By Sabado Domingo

An installment loan is a type of loan wherein the lender will lend the borrower a certain amount that the latter will pay off through regular installments. Installment loans are available for both personal and commercial use. However, before ...

Continue reading How to Get Fast Approval on Installment Loans

February 26, 2021

What Barfing Out of a Bus Window Teaches Us About Managing Money

By Jana

When I was in college, I was in a sorority; one of the perks was date parties. For those unfamiliar, a date party is just that; it's a big party, usually at a bar or restaurant, and all the sisters brought dates. Usually boyfriends or guys they ...

Continue reading What Barfing Out of a Bus Window Teaches Us About Managing Money

February 24, 2021

9 Important Strategies to Help You Manage Financial Risks

By Len Penzo

Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground -- without a safety net. For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, ...

Continue reading 9 Important Strategies to Help You Manage Financial Risks

February 22, 2021

Responsible Casino and Gambling Tips: How to Stay Within Your Budget

By Tex Freitag

Many of us like to gamble with luck every once in a while. But when that pastime becomes a habit, it can be very harming to your budget. Therefore, it is crucial to come up with a good strategy before you start gambling and leave all your money to ...

Continue reading Responsible Casino and Gambling Tips: How to Stay Within Your Budget

February 19, 2021

6 Basic Steps to Help You Achieve Financial Freedom

By Tex Freitag

Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely. In order to gain financial freedom, you not only have to be free of debt, but also be able to provide for yourself ...

Continue reading 6 Basic Steps to Help You Achieve Financial Freedom

February 17, 2021

How to Become Debt Free in 4 Easy Steps

By Enero Febrero

If you're paying off one or more debts, you're probably sending off at least the minimum payment, or just a little more, each month. If that sounds like you, then you probably feel as though you may never get to that final payment; this can be ...

Continue reading How to Become Debt Free in 4 Easy Steps

February 8, 2021

Payday Loans vs. Installment Loans: The Pros and Cons of Each

By Sabado Domingo

Payday loans are to installment loans as apples are to oranges. The only similarity between these two types of loans is that they are both a specific amount of money that you must pay back by a certain time. Other than that, payday loans and ...

Continue reading Payday Loans vs. Installment Loans: The Pros and Cons of Each

January 29, 2021

Last Resort: How to Qualify for a Payday Loan If You Have Bad Credit

By Sabado Domingo

Many people need cash, but they're often too intimidated to ask because they're afraid of rejection or may have been rejected in the past. Although they should only be used as an absolute last resort -- primarily because they have extremely high ...

Continue reading Last Resort: How to Qualify for a Payday Loan If You Have Bad Credit

January 27, 2021

The Fastest Way to Improve Your Credit Score

By Sabado Domingo

There are few things in life that follow you the way that your credit does. Your credit score is essentially a score that represents your standing in the business world, and this has a direct impact on many major purchases and loans. Whenever you ...

Continue reading The Fastest Way to Improve Your Credit Score

January 13, 2021

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