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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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How to Save for a New Home With Spotty Income

By Len Penzo

Some of the most important things in life are always taken for granted. After all, most of us drawing a steady salary never consider how fortunate we are to get a regular paycheck. On the other hand, those who work on commission or depend on tips for ...

Continue reading How to Save for a New Home With Spotty Income

August 19, 2024

Top Tips for Discussing Finances With Your Significant Other

By Corazon Gritar

Did you know that in the US and other Western countries, over 90% of people get married before the age of 50? Regardless of age, marriage often entails merging lives, and with it, merging finances. Despite the commonality of marriage, the intricacies ...

Continue reading Top Tips for Discussing Finances With Your Significant Other

August 6, 2024

Behind on Your Bills? Here Is How to Handle It

By Corazon Gritar

There's no denying that the coronavirus pandemic had significant effects on the US economy. Understandably, many Americans were forced to make drastic budgetary changes during that time; more than a few found themselves behind on the bills. And now ...

Continue reading Behind on Your Bills? Here Is How to Handle It

July 16, 2024

How to Conduct a Financial Health Check

By Sabado Domingo

financial health check

Many experts suggest that people make a point of conducting a personal financial checkup on an annual basis or after a major life event such as a marriage, divorce, birth, or death. But what does that mean exactly? To make sure you don’t miss ...

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July 2, 2024

5 Financial Lessons from the Past That Everyone Should Learn

By Nancy Trad

Those who ignore history are doomed to repeat it. There are so many sayings in this vein, but they all revolve around the fact that you must learn from your past errors. So let's look at some key financial lessons from the past we should all bear in ...

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June 25, 2024

How Eating Donuts Can Help You Stay on Budget

By Barbara Friedberg

Occasionally, my hubby picks up a donut for a breakfast treat. I usually refrain from this particular indulgence; too fattening, too many calories, etc. Yesterday, since it was such a lean sweet day, I decided to join him for a donut. I selected a ...

Continue reading How Eating Donuts Can Help You Stay on Budget

June 5, 2024

The Basics of Business Credit: What You Need to Know

By Sabado Domingo

Business credit is key to a company's financial health and growth potential. It impacts the ability to secure financing, obtain favorable terms from suppliers, and manage cash flow effectively. It's essentially a track record that demonstrates a ...

Continue reading The Basics of Business Credit: What You Need to Know

May 15, 2024

What Are the Easiest Loans to Get?

By Sabado Domingo

In the labyrinth of financial solutions, certain pathways are illuminated more brightly than others, offering a seemingly straightforward route to cash liquidity. These are the financial equivalents of secret passages in ancient pyramids, promising ...

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May 8, 2024

8 Big Reasons Why You’re Getting an F in Personal Finance 101

By Len Penzo

I remember the time when I saw my son's mid-term progress report and noticed that he was getting an 'F' in one of his classes -- Physical Education, to be exact. "How in the world does anybody fail phys ed?" I asked the Honeybee, shaking Matthew's ...

Continue reading 8 Big Reasons Why You’re Getting an F in Personal Finance 101

April 29, 2024

Teaching Kids Money Management Skills

By Len Penzo

Before my kids, Matthew and Nina, became teenagers I conducted a little experiment in order to ascertain their sophistication level regarding money by conducting a loan interview with the Bank of Dad. Not surprisingly, I learned that my kids were ...

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April 1, 2024

10 Tips for Making Your First Budget

By Anum Yoon

Landing your first real job and bringing in a steady paycheck each month is an exciting time. However, if you're like most people, that's shortly followed by a myriad of expenses. It's difficult to keep track of all your bills and expenses -- and if ...

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March 26, 2024

How to Eliminate Student Loan Debt BEFORE Starting College

By Hannah Johnson

The national student debt load continues to sit at a crisis point - so it's not surprising that there is a big push to eliminate student loan debt. For this year's graduating class, more than 70% of graduates borrowed money to finance their tuition, ...

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March 6, 2024

Why You Should Never Cosign A Loan for Anyone

By Len Penzo

Cosigning for a loan is one of the dumbest financial moves you could ever make. By cosigning, you not only assume liability for the borrowed money, but you also make it tougher on yourself to qualify for large loans -- regardless of your payment ...

Continue reading Why You Should Never Cosign A Loan for Anyone

February 8, 2024

Beware: A Credit Card for Excellent Credit That Doesn’t Fit the Bill

By Odysseas Papadimitriou

You might think that credit cards for people with excellent credit are universally the best products available, and that the quality of a credit card naturally rises in accordance with the credit level required to get it. And you might believe that ...

Continue reading Beware: A Credit Card for Excellent Credit That Doesn’t Fit the Bill

February 7, 2024

5 Indispensable Tips for Using Your Credit Responsibly

By Sabado Domingo

Your creditworthiness is a representation of how well you manage your finances. It's essentially the first impression for everything from buying a home to getting decent rates on your car insurance. So using your credit responsibly is an absolute ...

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January 31, 2024

How to Eliminate Credit Report Errors That Often Get Overlooked

By Mikey Rox

Financial institutions rely on one major factor when deciding whether or not to give you a loan: your credit report. Credit reports contain a lot of information, including your name, address, place of employment, credit lines, balances, payment ...

Continue reading How to Eliminate Credit Report Errors That Often Get Overlooked

January 30, 2024

Why Grandma Was Smarter Than You About Money

By Len Penzo

Yes; Grandma was smarter than you about money. Is that a crazy thought? Well ... Grandma may not pay bills with a smartphone or trade stocks on her computer -- but the fact is she can teach a few lessons about saving money that you can take to the ...

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January 25, 2024

A Guide to Retirement Budgeting on a Fixed Income

By Anum Yoon

So you're planning to quit work soon and will be facing retirement on a fixed income? First of all: congratulations! Now, it's time to ensure that your money outlasts your life and that there's some left over for your children. You can do that by ...

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January 23, 2024

Why Money Isn’t the Root of All Evil

By Len Penzo

So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle ...

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January 11, 2024

6 Good Financial Habits That Will Improve Your Bottom Line

By Anum Yoon

Did you make a New Year's resolution to improve your bottom line? Fortunately, it only takes a few good financial habits to meet that noble goal. Even better, most good financial habits are so easy to implement that it's just a matter of getting ...

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January 2, 2024

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