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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Why Your Expensive Car Doesn’t Impress Smart People

By Len Penzo

expensive car cheap house

A reader named Jennifer left a comment on my blog lamenting expensive cars and the sense of entitlement she saw in many people. Here is an excerpt: I know a woman who is a single mother and hit up her friends for money to replace the engine in her ...

Continue reading Why Your Expensive Car Doesn’t Impress Smart People

January 27, 2025

How to Get a Mortgage with Bad Credit

By Len Penzo

Are you searching for how to get a mortgage with bad credit? Well ... finding a mortgage when you have a bad credit score is not impossible. However, it usually requires the borrower to make a few concessions, such as paying a higher interest ...

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January 23, 2025

Dora the Explorer’s Five Easy Steps to Financial Health

By Timothy Hoff

When I was little, I loved to watch cartoons. You know, the big ones: Quick Draw McGraw, Ruff & Reddy, Mighty Mouse. OK, so I'm an old guy. Anyway, in my youth, I did not have any interest in finance, personal or otherwise. That changed in my ...

Continue reading Dora the Explorer’s Five Easy Steps to Financial Health

January 22, 2025

Understanding Crypto Debit and Credit Cards

By Tex Freitag

crypto debit and credit cards

The rise of cryptocurrency has transformed the way we think about money, offering innovative solutions for modern finance. One such solution is the cryptocurrency card, a tool that bridges the gap between digital currencies and everyday transactions. ...

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January 20, 2025

The 7 Deadly Sins of Personal Finance

By Len Penzo

I remember going to catechism as a kid and learning about the seven deadly sins. Maybe that's why an old national sin survey, conducted by a Kansas State University team of geographers, caught my attention. The provocative study measured and created ...

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January 13, 2025

Should I Pay Off My Mortgage Early?

By Len Penzo

The decision to pay off the mortgage early is always a hotly debated topic. Unfortunately, the question of "should I pay off my mortgage early?" can't be answered easily because everybody's circumstances are different. In fact, there is no right ...

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January 9, 2025

The Only New Year Resolution That Really Matters

By Len Penzo

Although 2025 is just getting started, I've already read a plethora of personal finance articles from various experts and self-made suburban millionaires who have been espousing their top new year resolutions. Of course, all of the usual suspects ...

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December 30, 2024

How to Refinance a Mortgage In 7 Easy Steps

By Len Penzo

There is very little difference between getting a mortgage and refinancing it; in fact, the processes are virtually identical. If you've decided that refinancing is right for you, here is a brief overview explaining exactly how to refinance a ...

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December 26, 2024

8 Practical Mindful Money Management Strategies

By Sabado Domingo

money management strategies

Managing money can sometimes feel like a constant battle - especially when it feels like there’s always more month left than money. Many of us are caught in cycles of spending without thinking, overspending on unnecessary things, or making impulse ...

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December 23, 2024

Behold the Power of Compound Interest!

By Len Penzo

George Lucas continues to mislead millions of people into believing that the most powerful force in the universe is, well ... the Force. But every successful household CEO knows for a fact that Lucas is dead wrong. That is not surprising at all given ...

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December 23, 2024

Myths and Facts About Being Declared Insolvent

By Tex Freitag

facts about being declared insolvent

For many individuals, there is an inordinate fear of the possibility of being insolvent. It often results in anxiety, which can make an individual believe in false information that will make them more anxious. So let's explore some myths and facts ...

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December 19, 2024

6 Ways to Stop Stressing Out About Money

By Anum Yoon

Right now, at this moment, how much money do you have? Before you answer: does the mere question begin to stress you out? If so, you probably wish you could stop stressing out about money. Rest assured, you're not alone. According to the number ...

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December 17, 2024

Navigating Financial Crunches: Turning Possessions Into Immediate Relief

By Sabado Domingo

Life is unpredictable, and financial emergencies can strike when we least expect them. Whether it’s an unexpected car repair, a sudden medical bill, or a pressing home repair, finding quick solutions to cover urgent expenses is essential. While ...

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December 16, 2024

How to Survive a Financial Crisis in Your Relationship

By Mikey Rox

Relationships are hard enough as it is, but throw money into the mix and it becomes a recipe for certain disaster. It doesn't have to go down like that though. Your relationship can survive a financial crisis -- yes, even a menacing mound of debt -- ...

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December 10, 2024

Mortgage Refinancing Pros and Cons

By Len Penzo

There are both good and bad reasons why homeowners should - or should not - refinance their mortgage. With that in mind, let's discuss some of the biggest mortgage refinancing pros and cons. Here are a few of the most common reasons why mortgage ...

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November 28, 2024

What Is Mortgage Refinancing and Why Should I Consider It?

By Len Penzo

When you refinance your mortgage, you typically pay off the existing loan and create a new one. However, if you have a primary and secondary mortgage, you can refinance by consolidating both of them into a new loan too. So what is mortgage ...

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November 7, 2024

5 Benefits of Using Card Readers When Accepting Payment

By Tex Freitag

Statistics suggest that most Americans use debit and credit cards to pay for purchases. This is where card readers come in. They’re a critical element of your point-of-sale system because they allow you to securely acquire banking details from a ...

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November 5, 2024

What’s the Lowest Mortgage Down Payment I Can Get Away With?

By Len Penzo

Many people mistakenly believe a 20% down payment is required for conventional home loans. However, the reality is that's only true for homebuyers who want to avoid private mortgage insurance charges. Read on to learn how to find the lowest mortgage ...

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October 31, 2024

9 Tips For Managing Your Money During the Holidays

By Mikey Rox

It's easy to go overboard during the holidays; parties, travel, decorations, and gifts can all put a sizable dent in your budget if you're not careful. When it comes to managing your money - especially during the holidays - the good news is you can ...

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October 29, 2024

5 Ways to Reduce Medical Debt

By Corazon Gritar

Medical bills within the United States have climbed to shocking heights. As a result, people are constantly looking for ways to reduce medical debt. Where in the past medical bills were more affordable, now they can be difficult for people to afford. ...

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October 22, 2024

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