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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

How Debt Trouble Is Usually Related to Your Diet

By Len Penzo

Many folks in debt trouble who tally their assets and liabilities after years of modest but steady increases in income often end up scratching their heads, wondering why their net worth is nothing to write home about. Whether those in debt trouble ...

Continue reading How Debt Trouble Is Usually Related to Your Diet

November 16, 2023

5 Ways Smoking Negatively Affects Your Finances

By Anum Yoon

It's not likely you'll be able to find anyone in the United States who has escaped the message that smoking is hazardous to your health. After all, there's a Surgeon General's warning on every pack. And children learn about the negative effects of ...

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November 7, 2023

The High Cost of Being Poor (and How to Vanquish It)

By Gayle Tate

We have all seen difficult times, so that's nothing new. And there's a high cost of being poor. Let me explain: My wife and I started our business at exactly the wrong time. Although we established it in 1967, we opened our first brick and mortar ...

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November 6, 2023

Financial Lifelines: Loan Types for Small Businesses and When to Get One

By Sabado Domingo

For all businesses, adequate money is vital in keeping operations afloat and obtaining many opportunities for upscaling and growth. Many businesses partner with banking institutions and lenders to fund their operations, especially startups and ...

Continue reading Financial Lifelines: Loan Types for Small Businesses and When to Get One

October 26, 2023

Why Tracking Your Expenses Is So Important

By Len Penzo

It's true; there are many folks out there who successfully manage their household finances without ever using a budget. Even so, most successful home money managers that don't have a budget still track their expenses and income. That's because trying ...

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October 19, 2023

Four Big Drawbacks to Store Credit Cards

By Len Penzo

The other day the Honeybee applied for a clothing-store credit card to take advantage of a deal that gave her a one-time savings of 15% off her purchase. I know. To tell you the truth, I'm not really that big of a fan of in-store credit cards, but ...

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October 16, 2023

An Overview of the Most Common Student Loan Options

By Enero Febrero

Do you need a student loan? Do you know what kind of student loan you want? Student loans are a confusing subject. And these days, most college students are relying on student loans to help meet the rapidly rise of cost of attendance at colleges ...

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September 27, 2023

6 Ways to Fix Your Finances: Smart Tips for Resuscitating Your Bank Account

By Mikey Rox

Stressed out by your financial situation? Aren't we all. Awhile back we presented six strategic financial moves you could make to regain control of your money situation -- and here are six more ways to fix your finances that are just as ...

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September 26, 2023

My 13-Year-Old Daughter Shares Her Financial Fears

By Lenina Penzo

I'm only 13 and I'm worrying about my future. Not in an academic kind of way, but in a financial one. Yes, kids have financial fears too! That's because there are certain things that terrify me about growing up and living on my own. Here is a list of ...

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September 25, 2023

The Pros and Cons of Higher Interest Rates

By Rebecca Kennedy

There's been quite a bit of chatter, from news sources to social media, about the potential for further hikes in interest rates. And although interest rates still remain at historically moderate levels, rumors of further moves by the Fed abound. The ...

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September 20, 2023

I’m Not Rich, But I’m Financially Free; Here’s How I Got There

By Len Penzo

Let's face it, the more choices we have in life, the richer and more rewarding it becomes. Fortunately, I'm currently in that coveted sweet spot of financial freedom where I can do pretty much whatever the heck I please, whenever I want. Don't get ...

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September 18, 2023

3 Major Money Mistakes People Make When Financing Their Car

By Corazon Gritar

For most Americans, having a car is a necessity. Whether you take concrete highways -- which represent roughly 30% of all US interstate highways -- or unpaved pathways to get to work or school, the majority of people agree that it's better to rely on ...

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August 29, 2023

How to Control Your Expenses (and Ensure They’re Necessary)

By Enero Febrero

If you're wondering how to control your expenses, you're not alone. Controlling your expenses is one of the most important habits we need to develop. A person who overspends and has no money to fall back on as a precautionary measure will almost ...

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August 23, 2023

How to Use Credit Card Chargebacks to Get Refunds from Stubborn Vendors

By Anum Yoon

Not every merchant goes by the mantra, "The customer is always right." Therefore, even if you've received a fraudulent charge or want to return a piece of merchandise, they may not let you -- and you may not get your money back. Fortunately, credit ...

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August 15, 2023

5 Steps to Achieve Financial Freedom

By Sabado Domingo

In a culture where there are many financial stresses and uncertainties, the concept of reaching full financial independence may seem like an unattainable ideal. However, a strategic approach can make your goals far more attainable than you realize. ...

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August 14, 2023

Good Financial Management: How to Make Yourself Richer by Understanding Money

By Sabado Domingo

Good financial management basically means taking the correct approach to your finances which in turn can help you to increase your net worth, to avoid financial difficulties and generally to be better off. Many of us think of good financial ...

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July 26, 2023

Can Money Buy Happiness? Here’s How to Get the Most Joy from Your Spending

By Len Penzo

Most financially responsible people experience a bit of euphoria -- along with a genuinely-satisfying sense of accomplishment -- whenever they save money. However, when it comes to spending, those good feelings aren't always a sure thing. So, can ...

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July 3, 2023

Do You Have Unclaimed Money? Here’s How to Find Out

By Len Penzo

I love finding unclaimed money. The other day I was in the mood for a couple of chili cheese dogs, so I decided to stop by my local Wienerschnitzel and satisfy my craving. As I got to the counter to pay for my food I realized that I still had ...

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June 19, 2023

4 Budgeting Tips for Parents

By Corazon Gritar

As a parent, there's no doubt about the fact that one of your top priorities is most likely to save money. This is because raising a family can be quite expensive over time, especially if you want to make sure that you're providing your family with ...

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June 13, 2023

The 4 Worst Ways to Pay Down Debt

By Anum Yoon

Debt may be a part of life, but that doesn't make it suck any less. If you're deep in debt, you're probably looking for ways to retire it. Or at least pay it down enough to improve your credit report. Whatever the reason, there are smart ways to ...

Continue reading The 4 Worst Ways to Pay Down Debt

June 6, 2023

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