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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

4 Alternatives to Cashing Out Your 401k When You Need Money

By Sabado Domingo

When you need money, whether it's to pay for your child's education, purchase a new home, or to pay your bills, it can be tempting to turn to your 401k. However, even if you think that you have plenty of time to pay back the money you borrow from it, ...

Continue reading 4 Alternatives to Cashing Out Your 401k When You Need Money

July 2, 2017

5 Common Money Mistakes New Graduates Need to Avoid

By Jim Wang

Let me be the first to tell you that it's OK to make mistakes. Financial experts will tell you that the first few years after graduation are the most important. They're right. Compound interest means that the money you save today in your early ...

Continue reading 5 Common Money Mistakes New Graduates Need to Avoid

June 14, 2017

Share Your Smartest Money Decision and You Could Win $5000!

By Len Penzo

This is a sponsored article for Alliant Credit Union. I'm sure there are plenty of money moments you've had in your life that you wish you could have back. I know I've had more than my fair share. In fact, I recently shared my ten biggest ...

Continue reading Share Your Smartest Money Decision and You Could Win $5000!

June 9, 2017

4 Smart Ways to Use Your Credit Cards While Avoiding Debt

By Kostas Chiotis

We all want to have it all. We want to be able to live debt free but still maintain a great credit score. But having your cake and eating it too is widely believed to be impossible. I'm here to prove to you that it is, in fact, possible! It's not ...

Continue reading 4 Smart Ways to Use Your Credit Cards While Avoiding Debt

May 24, 2017

Evaluating the Pros and Cons of 4 Common Car Loan Alternatives

By Sabado Domingo

In an ideal world we all want to be debt-free; and borrowing money is something that we all should approach with caution. However, when it comes to living a real life, very few of us will be able to escape borrowing money to finance a larger ...

Continue reading Evaluating the Pros and Cons of 4 Common Car Loan Alternatives

May 10, 2017

Basic Tips for Buying Your First Home on a Budget

By Enero Febrero

Buying your first home can be both exciting and terrifying at the same time. The old standard of saving a 20% down payment seems like an insurmountable task at times -- but there are alternatives available that can make owning your home a dream come ...

Continue reading Basic Tips for Buying Your First Home on a Budget

May 3, 2017

3 Reasons Why Your Business Should Begin Accepting Credit Cards

By Pat Sava

It's crazy trying to run a business without accepting credit cards these days. Nearly everyone in the free world is at a least using a debit card that they have connected to their checking account. And many people like to build up travel miles, so ...

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April 27, 2017

7 Ways College Students Can Get Cash for Housing, Books and Tuition

By Ethan Butler

College is expensive. It can be tough to keep up with tuition payments, room and board and textbook purchases; time is also at a premium. So, how can you possibly find the extra cash to pay for all of these things? Luckily, there are lots of ...

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April 19, 2017

Why North Texas Is a Hotbed for Debt Relief Firms

By Enero Febrero

North Texas is becoming a popular destination for debt relief companies looking to set up shop. The region has become home to a range of firms including United Debt Counselors (UDC). The region has seen significant investment in retail and office ...

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April 14, 2017

If You Can’t Live on $40,000 Per Year, It’s Your Own Fault

By Len Penzo

Awhile back I described ten common characteristics of debt-free people. In that article, I specifically asked my readers to consider this question: "Why is it that there are families out there with household incomes under $40,000 comfortably ...

Continue reading If You Can’t Live on $40,000 Per Year, It’s Your Own Fault

April 10, 2017

What Influences Your Credit Report Score?

By Sabado Domingo

If you've ever gotten a free credit report score, you've probably wondered exactly what factors influence your overall credit score. Unfortunately, your credit score is a complicated number that is influenced by a variety of factors that differ from ...

Continue reading What Influences Your Credit Report Score?

April 5, 2017

What is a DMP and When is the Right Time to Apply?

By Len Penzo

A recent survey found that 22% of respondents in the UK say that their day-to-day finances are the main cause of stress. Clearly that's a significant number of people -- and that number has risen almost 50% in the last year. One big contributing ...

Continue reading What is a DMP and When is the Right Time to Apply?

March 3, 2017

5 Ways to Survive a Money Emergency

By Tex Freitag

Nearly everyone will experience a serious money emergency at some point during their lifetime. Something financially catastrophic happens, like your car breaks down or you have to pay a huge medical bill. Afterward, you may be left with little or ...

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February 24, 2017

What is a Logbook Loan?

By Enero Febrero

It is unfortunate that most people are denied payday loans due to the fact that they are unemployed, self-employed or because their monthly spending is higher than their income. In other cases, this can be due to the fact that they do not meet the ...

Continue reading What is a Logbook Loan?

January 27, 2017

100 Words On: Why Excessive Debt Leads to Indentured Servitude

By Len Penzo

Taking on excessive debt -- and continuously spending more than you earn -- greatly reduces the wealth you can accumulate down the road. As a result, your options in the future become greatly diminished because you are essentially spending tomorrow's ...

Continue reading 100 Words On: Why Excessive Debt Leads to Indentured Servitude

January 19, 2017

My State of the Household Report, Net Worth, and 2016 Expenses

By Len Penzo

I've said it before and I'll say it again: When it comes to money management, one of the most important pieces of information anyone can have is a detailed summary of where your household income was spent during the previous year. I've been ...

Continue reading My State of the Household Report, Net Worth, and 2016 Expenses

January 13, 2017

100 Words On: Why You Should Never Ever Fear Credit Cards

By Len Penzo

Credit cards provide a safe and convenient avenue for short-term borrowing. When used wisely and responsibly, credit cards provide valuable benefits that cash simply can't including consumer protections, cash dividends and other rewards. They can ...

Continue reading 100 Words On: Why You Should Never Ever Fear Credit Cards

December 22, 2016

An Overview of Ameritech Financial

By Enero Febrero

This is a sponsored post from Ameritech Financial. Ameritech Financial is a company that helps people with one of the biggest problems that currently exists: student loan debt. Student loan debt in the United States equals more than has grown to ...

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November 11, 2016

Quantifying the Enormity of the US National Debt in Pictures

By Jeff Desjardins

When numbers get into the billions or trillions, they start to lose context. The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average ...

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September 20, 2016

Why the New Face of Money Management Is Making Walk-in Banks Obsolete

By Len Penzo

Due to advancements in technology, the ever-growing mobile trend, and society's desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. ...

Continue reading Why the New Face of Money Management Is Making Walk-in Banks Obsolete

September 13, 2016

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