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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Can You Get a Personal Loan Online? Here’s What You Should Know

By Tex Freitag

financial literacy tips

Personal loans are a helpful way to finance something. It is flexible; so almost whatever it is you need, they can cover it. There are different lenders you can get one from, but the more popular ones as of recently being online lenders. They provide ...

Continue reading Can You Get a Personal Loan Online? Here’s What You Should Know

February 20, 2023

Debit or Credit: Which One Is Better?

By Len Penzo

"What kind of dressing would you like on your salad?" For most people, it's a simple decision -- but not for me. I don't know why, but when my server presents that question I usually tense up and act like I've just been asked the million-dollar ...

Continue reading Debit or Credit: Which One Is Better?

February 20, 2023

18 Personal Finance Facts You Didn’t Know About US Presidents

By Len Penzo

Sitting US presidents may be considered the most powerful men in the free world, but they still put their pants on one leg at a time. And while some American presidents were financially successful during their lives, there were others who encountered ...

Continue reading 18 Personal Finance Facts You Didn’t Know About US Presidents

February 13, 2023

Divorce Can Not Only Hurt Your Heart, But Your Credit Score Too

By Corazon Gritar

Marriage is considered to be a rite of passage for most Americans -- although it's not all wedded bliss. The unfortunate truth is that 40% to 50% of marriages in the US end in divorce. In fact, approximately 827,000 divorces happen every year. And ...

Continue reading Divorce Can Not Only Hurt Your Heart, But Your Credit Score Too

February 8, 2023

Three Reasons Why Credit Unions Are a Great Choice for a Car Loan

By Sabado Domingo

Are you in the market shopping for a new car? If so, then this article is for you. After you've selected your dream car, the next step is to secure a way to finance your purchase. Don't know where to start? We're here to help. Consider getting a car ...

Continue reading Three Reasons Why Credit Unions Are a Great Choice for a Car Loan

February 1, 2023

Bad Habits That Make You a Target of Credit Card Fraud

By Len Penzo

Credit card fraud is much more common than you might think. In fact, it is a multi-billion dollar industry for the criminals who choose to undertake such nefarious work. Of course, there are two big reasons why credit card fraud is so widespread: 1) ...

Continue reading Bad Habits That Make You a Target of Credit Card Fraud

February 1, 2023

Debt Elimination: The Pros and Cons of Dave Ramsey’s Baby Steps

By Len Penzo

Many folks looking for a way to get out of debt and achieve financial freedom eventually gravitate to financial expert Dave Ramsey's Baby Steps program. One thing is certain: Regardless of the pros and cons, there is no denying Ramsey's seven-step ...

Continue reading Debt Elimination: The Pros and Cons of Dave Ramsey’s Baby Steps

January 9, 2023

Dear Friend: Here Are 41 Reasons Why I’m NOT Lending the Money

By Len Penzo

The conventional wisdom is that you should never lend money to friends or family. For me, that old saw was reinforced after I read a curious article in the Huffington Post that attempted to explain why our friends and family often fail to repay ...

Continue reading Dear Friend: Here Are 41 Reasons Why I’m NOT Lending the Money

January 2, 2023

When Credit Card Companies Fight, Travelers Should Rejoice

By Craig Ford

We all know competition is good. It's good for we, the people. For instance, I tend to closely watch offers in an effort to get free travel with credit cards. And I've noticed there have been some outstanding credit card sign up bonuses over the ...

Continue reading When Credit Card Companies Fight, Travelers Should Rejoice

December 28, 2022

Scientists Say This Clever Trick Can Help You Break Your Overspending Habit

By Len Penzo

The other day I was reluctantly helping the Honeybee clean out her our closet -- and having a thoroughly miserable time doing it, I might add -- when I came across a couple of old Discover magazines. I canceled my subscription to Discover years ...

Continue reading Scientists Say This Clever Trick Can Help You Break Your Overspending Habit

December 26, 2022

7 Tips for Achieving Financial Freedom

By Tex Freitag

Every person's definition of financial freedom is different, but the goal for most people is to live comfortably without depending on a paycheck. It's an attainable goal, but it requires hard work and dedication. But once financial freedom is ...

Continue reading 7 Tips for Achieving Financial Freedom

December 5, 2022

How Hard vs. Soft Credit Checks Can Impact Your Life

By Sabado Domingo

Living in this current economic climate has been a struggle for Millennials. With auto loan debts and zero retirement savings weighing down many young adults, it seems impossible to dig themselves out of the hole. But you can solve a handful of money ...

Continue reading How Hard vs. Soft Credit Checks Can Impact Your Life

November 21, 2022

Compound Interest Isn’t Everyone’s Best Friend

By Len Penzo

Invest $100 that earns a 6% annual return and you'll have $106 a year later. The uninitiated might expect to see $112 in their account after two, but they'd actually have $112.36 because interest not only accrued on the original principal of $100, ...

Continue reading Compound Interest Isn’t Everyone’s Best Friend

November 17, 2022

Learn All About Hard Money Loans In Less Than 7 Minutes

By Corazon Gritar

When you think about loans, you probably either think about big banks that have capital to spare or shady back-alley loan sharks that are almost certainly going to scam you. Hard money loans fall outside of both of these stereotypes. More ...

Continue reading Learn All About Hard Money Loans In Less Than 7 Minutes

November 15, 2022

What You Need to Know About Payday Loans

By Sabado Domingo

If you're still wondering what to know about payday loans, perhaps the most important thing is that they're a high-interest short-term option. Payday loans fall under the unsecured loan category because they don't need collateral. Payday loans ...

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October 31, 2022

The Pros and Cons of 5 Legal (and Illegal) Cash Advance Options

By Len Penzo

Let's get one thing straight; no matter how you slice it, when you're short on money, looking for a quick cash advance is the Hail Mary pass of personal finance. So a cash advance should always be the option of last resort. In an ideal world, ...

Continue reading The Pros and Cons of 5 Legal (and Illegal) Cash Advance Options

October 24, 2022

Always Be Sure To Avoid These Common Personal Finance Mistakes

By Sabado Domingo

It is time to give yourself a personal finance audit. After all, when it comes to eliminating common personal finance mistakes, you have to take a long, hard look from time to time to be sure you haven't fallen into one of the many critical errors ...

Continue reading Always Be Sure To Avoid These Common Personal Finance Mistakes

October 11, 2022

Perfection When Managing Money: Is Close Really ‘Good Enough’?

By Len Penzo

I'm not a big football fan. Oh sure, I occasionally enjoy watching football on television. But, unlike hockey and baseball, I rarely bother buying tickets to attend football games in person. That being said, my buddy had an extra ticket to a ...

Continue reading Perfection When Managing Money: Is Close Really ‘Good Enough’?

October 3, 2022

How to Know if You’re Eligible for 2022 Student Loan Forgiveness

By Sabado Domingo

One-time student loan forgiveness could reach millions of borrowers by the end of this year. And some may be able to take advantage of student loan relief eligibility immediately. This year, President Biden announced that Pell Grant recipients who ...

Continue reading How to Know if You’re Eligible for 2022 Student Loan Forgiveness

September 29, 2022

5 Tips for Paying Off Your Title Loan Fast

By Sabado Domingo

While a vehicle title loan can give you the financial breathing room you need, it's important to remember that it is still a loan, and you will eventually have to pay it back, plus interest. If you're looking to pay off your title loan as quickly as ...

Continue reading 5 Tips for Paying Off Your Title Loan Fast

September 16, 2022

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