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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Poll: The 5 Biggest Money Regrets of 2015 — and How to Conquer Them

By Fred Schebesta

I'm confident that this time last year, scrawled on your list of New Year resolutions, was a sentence relevant to at least one of these four phrases: 'save money' 'stop spending' 'get out of debt' 'stick to a budget' According to a ...

Continue reading Poll: The 5 Biggest Money Regrets of 2015 — and How to Conquer Them

January 6, 2016

Unlike Gen X, the Millennials Think College Is Still Worth It

By Sabado Domingo

Millennials may be paying out a lot more for college and racking up record student debt -- but they don't seen to mind, if the latest market research of 500 university graduate students by Credit Sesame is any indication. Even though the cost of ...

Continue reading Unlike Gen X, the Millennials Think College Is Still Worth It

November 3, 2015

Infographic: Diagnosing the Causes of Medical Debt in the U.S.

By Ivan Serrano

Over the last few years, medical debt has quickly become the number one reason why people file for bankruptcy in the United States. In fact, 1.7 million people will be forced to file bankruptcy because of their medical debt. Regardless of whether ...

Continue reading Infographic: Diagnosing the Causes of Medical Debt in the U.S.

November 13, 2014

The Average Owner Credit Score and Loan Payment for 10 Popular Cars

By Len Penzo

In case you missed it, the other day ZeroHedge published a story on the soaring car repossession rate that included some interesting data from Experian comparing the average credit scores and loan payments for owners of ten popular car models. I ...

Continue reading The Average Owner Credit Score and Loan Payment for 10 Popular Cars

August 26, 2014

A Fun Interview with Stacking Benjamins’ Host, Joe Saul-Sehy

By Len Penzo

I recently met with Joe Saul-Sehy to talk about his new money podcast, Stacking Benjamins, which debuts this week. We had just finished recording his final Two Guys and Your Money show, and I figured it would be clever to conduct the interview via ...

Continue reading A Fun Interview with Stacking Benjamins’ Host, Joe Saul-Sehy

May 20, 2013

Why Bag Ladies are Financially Savvier Than Many Celebrities

By Len Penzo

Grammy Award winner Dionne Warwick, who found fame in the 1960s singing "Do You Know the Way to San Jose?" filed for bankruptcy yesterday. Younger folks may recognize Warwick from the 1990s, when she was the celebrity spokesperson for the Psychic ...

Continue reading Why Bag Ladies are Financially Savvier Than Many Celebrities

March 27, 2013

The Best Credit Cards of 2013

By Guest

This is a guest post by Logan Abbott. Logan is the editor of MyRatePlan.com, a leading comparison site for credit cards, mobile phones, phone service, insurance, and more. The New Year is upon us, and that means you probably made some New Year's ...

Continue reading The Best Credit Cards of 2013

January 18, 2013

100 Words On: A Grim Warning to Those Who Think Money Grows On Trees

By Len Penzo

A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the treasury, with the result ...

Continue reading 100 Words On: A Grim Warning to Those Who Think Money Grows On Trees

November 8, 2012

100 Words On: Saving Your Lame Excuses for Somebody Who Cares

By Len Penzo

A wise man once said that excuses are tools of incompetence, only useful for building monuments of nothingness and bridges to nowhere. When it comes to personal finance, there are a countless number of excuses that people often use to explain why the ...

Continue reading 100 Words On: Saving Your Lame Excuses for Somebody Who Cares

October 18, 2012

Southwest Airlines: Website Horror Stories, Part II

By Len Penzo

You're traveling through another dimension, a dimension not only of sight and sound, but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's the sign post up ahead, your next stop:  The Personal Finance Twilight ...

Continue reading Southwest Airlines: Website Horror Stories, Part II

August 15, 2012

What Goes Around Comes Around: Rising Interest Rates Are Inevitable

By Len Penzo

Last summer my 12-year-old daughter, Nina, was extolling the fashion virtues of her hot pink Converse Chuck Taylor All-Star high-top sneakers, better known to many as simply, "Chucks." What I found amusing was while Nina really thought she was on ...

Continue reading What Goes Around Comes Around: Rising Interest Rates Are Inevitable

March 26, 2012

The Apocalypse Can Wait: My State of the Household Report for 2012

By Len Penzo

As the old saying goes, knowledge is power. When it comes to tracking personal finances, one of the most important pieces of information in you can have in your knowledge database is a detailed summary that highlights where your household income ...

Continue reading The Apocalypse Can Wait: My State of the Household Report for 2012

January 16, 2012

The Latest Credit Card Gimmick: Two Different Cards, One Statement

By Len Penzo

I have a love/hate relationship with my credit card company. Last week I got a little taste of both after they sent me another mailbox surprise. You see, although my current Citi Dividends Mastercard didn't expire until 2014, they went ahead and ...

Continue reading The Latest Credit Card Gimmick: Two Different Cards, One Statement

October 3, 2011

The Scapegoat: GE Money Takes Your Cash and Stores Take the Fall

By Guest

by Angie Picardo “If you apply for a [store name] credit card today you can get [arbitrary number]% off your purchase.” I can’t remember the last time I was able to go to a mall without being bombarded with pitches for store credit cards. I always ...

Continue reading The Scapegoat: GE Money Takes Your Cash and Stores Take the Fall

July 27, 2011

Pick Your Plastic: How to Choose the Right Credit Card

By Guest

by Joy Paley Joy Paley is a guest blogger for Pounding the Pavement and a writer on the subject of becoming a nail technician for the Guide to Career Education. There are lots of good uses for the seemingly dozens of credit card offers most ...

Continue reading Pick Your Plastic: How to Choose the Right Credit Card

June 22, 2011

If It Feels Good Do It: Maybe Strategic Defaults Aren’t So Bad After All

By Len Penzo

I bought my first home in 1990 at the top of the Southern California real estate market and promptly found myself with an "underwater" mortgage. And although I owed more than the home was worth over the next seven long years, I never walked away from ...

Continue reading If It Feels Good Do It: Maybe Strategic Defaults Aren’t So Bad After All

June 6, 2011

The Ugly Truth: Why Big Spenders Are Terrible In Bed

By Len Penzo

It is a truism that most big spenders are showoffs; they feed off attention. Ironically, while your typical big spender works 24/7 trying to impress others, most of the time they rarely do so. There is a small segment of the population, ...

Continue reading The Ugly Truth: Why Big Spenders Are Terrible In Bed

July 19, 2010

Paying Off the Mortgage Early? Not So Fast …

By Len Penzo

In January 2009 I wrote one of my most popular posts to-date entitled Paying Off Your Mortgage Early Is A No-Brainer. In that post I did a detailed analysis that justified why paying down my mortgage was the right thing to do. That Was Then, This ...

Continue reading Paying Off the Mortgage Early? Not So Fast …

June 1, 2009

An Easy Way to Compare Credit Card Reward Programs

By Len Penzo

I always assumed the cash-back card to be a better value than the one passing out airline miles, but I never did a detailed analysis to confirm my suspicions.   For me it just made better sense to get a dividend check a couple times per year that I co ...

Continue reading An Easy Way to Compare Credit Card Reward Programs

February 8, 2009

Using a HELOC as an Alternative to Refinancing

By Len Penzo

Recently I was talking with a buddy of mine, who happens to be a higher-echelon employee for a major bank, about my desire to refinance into a longer-term home loan in order to provide me with additional financial flexibility in the event I ever lost ...

Continue reading Using a HELOC as an Alternative to Refinancing

January 19, 2009

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