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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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 ...

Continue reading The Only New Year Resolution That Really Matters

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 ...

Continue reading How to Refinance a Mortgage In 7 Easy Steps

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 ...

Continue reading Behold the Power of Compound Interest!

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 ...

Continue reading Myths and Facts About Being Declared Insolvent

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 -- ...

Continue reading How to Survive a Financial Crisis in Your Relationship

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 ...

Continue reading What Is Mortgage Refinancing and Why Should I Consider It?

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 ...

Continue reading 9 Tips For Managing Your Money During the Holidays

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

10 More Financial Old Wives’ Tales Masquerading As Rules of Thumb

By Len Penzo

There are people out there who swear that if you're lucky enough to see the first flower of springtime on a Friday, it's a sign of impending wealth. I know. I don't buy it either. Still, let's assume these folks know what they're talking about; ...

Continue reading 10 More Financial Old Wives’ Tales Masquerading As Rules of Thumb

October 21, 2024

Affordability: How to Find Your Maximum House Payment

By Len Penzo

When it comes to figuring out your maximum house payment, there are two basic methods for determining how much house you can reasonably afford: Calculate Your Budget Using a Debt-to-Loan Ratio Mortgage providers generally require your total debt to ...

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October 17, 2024

Credit Cards: 4 Ways to Lower Your Interest Rate

By Todd Green

Over half of American households carry credit card debt from month to month. That means they're making interest payments that reduce the amount of money they have. Unfortunately, the higher your interest rate is, the more money you lose every month. ...

Continue reading Credit Cards: 4 Ways to Lower Your Interest Rate

October 16, 2024

The 5 Major Financial Personalities: Which One Do You Have?

By Anum Yoon

Although researchers disagree on just how much of our personalities are dictated by our genetics and how much comes from the way we were raised, one thing is clear: Your personality has a huge effect on how you relate to money. In terms of financial ...

Continue reading The 5 Major Financial Personalities: Which One Do You Have?

October 15, 2024

The Credit Karma Free Credit Score Offer: What They Won’t Tell You

By Sean Strauss

With millions upon millions of users, consumers regularly flock to see their free credit score on Credit Karma. And why shouldn't they? On the surface, the Credit Karma free credit score offer seems like a good thing, and it is - but only for the ...

Continue reading The Credit Karma Free Credit Score Offer: What They Won’t Tell You

October 14, 2024

How to Get a Free Credit Score

By Len Penzo

Your credit score is a financial report card that tells lenders how risky it is to do business with you. Credit scores are especially important for homebuyers because a high score indicates that they are more likely to pay back a loan. And that means ...

Continue reading How to Get a Free Credit Score

October 3, 2024

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