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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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 ...

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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 ...

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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 ...

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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 ...

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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

The Top 40 Ways to Improve Your Credit Score

By Len Penzo

One of the first and most important tasks most everybody should tackle as an adult is establishing and improving their credit score. That's because people with great credit enjoy lower loan rates that can result in serious monetary savings. After ...

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January 1, 2024

Understanding the Math Behind the Mortgage

By Len Penzo

Last month, interest rates reached the psychological 8% barrier for the first time in more than a decade, and there is speculation that they will continue to rise. But do homeowners know the math behind the mortgage? After all, buying a home is a big ...

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December 20, 2023

Condition Yourself to Hate Paying Interest

By Len Penzo

God, do I hate paying interest! To anyone. For anything. I abhor paying interest, and I avoid it like the plague! You should too. I think that most people who currently enjoy a life of financial freedom have this distaste of interest payments ...

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December 18, 2023

How to Reestablish Credit Quickly

By Sabado Domingo

Your credit score is one of the most influential factors when it comes to your ability to achieve approval for a loan or credit card. In addition, your credit score can impact employment and ability to obtain insurance, as well as your living ...

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December 13, 2023

10 Old Wives’ Tales Masquerading As Financial Rules of Thumb

By Len Penzo

It's been said that if the palm of your right hand itches, you'll soon be coming into money. On the other hand (seriously, no pun intended), it's also been said that if your left palm itches you'll soon be paying out money. Don't laugh. There are ...

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December 4, 2023

One of the Biggest Money Mistakes a Household CEO Can Make

By Len Penzo

It's been said that failing to plan is planning to fail -- especially with respect to personal finances. And although you may be prepared, one of the biggest money mistakes any household CEO can make is to abandon their financial plan. Especially ...

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November 30, 2023

8 Smart Tips for Managing Your Personal Finances

By Sabado Domingo

If you manage your personal finances, it can often seem daunting. But following some smart strategies can help you take control of your money and set yourself up for financial success. Here are eight tips for effectively managing your personal ...

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November 20, 2023

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