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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

12 Good Reasons Why You Should (and Shouldn’t) Pay Off Your Mortgage Early

By Len Penzo

Do I think you should pay off the mortgage early? You may as well ask me if I think it is a good idea if you paint your living room sage green. For many years I believed that paying off your mortgage was an absolute no-brainer. Then I did a ...

Continue reading 12 Good Reasons Why You Should (and Shouldn’t) Pay Off Your Mortgage Early

May 22, 2023

Teens and Credit Cards: 9 Ways You’ll Pay Later for Giving Them One Now

By Mikey Rox

I'm not a parent, so I won't presume to tell you how to raise your child. However, I can tell you that when it comes to teens and credit cards, putting plastic into their hands is a mistake that you both could end up paying for well into the ...

Continue reading Teens and Credit Cards: 9 Ways You’ll Pay Later for Giving Them One Now

May 16, 2023

How to Make Your Business More Secure on a Budget

By Corazon Gritar

When you're running a small business, you need to deal with a stream of complex issues. For example, how do you make your small business more secure? It's important that you take the time out of your busy schedule to prepare your company finances. ...

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May 9, 2023

How to Fix Your Finances Without More Money

By Len Penzo

How many times have you heard somebody who has no idea how to fix their finances lament that all their financial troubles would disappear if only they had a little more money? The thing is, those are the same people who believe that financial ...

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April 10, 2023

5 Proactive Budgeting Tips for Single Homeowners

By Corazon Gritar

Balancing finances at home can be a challenge for many single homeowners. The budget is crucial, but being able to manage personal and business finances will help make things easier to work from. In this post, you'll learn about budgeting tips for ...

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March 31, 2023

How to Control Spending by Creating a Budget

By Sabado Domingo

Depending on how disciplined you are, a budget may not be essential to keeping your finances under control, but it does allow you to make calculated decisions about how to spend your income. Many competent household CEOs create and use a budget to ...

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March 29, 2023

Steps You Can Take to Increase Your Financial Resilience

By Tex Freitag

Research shows that 71% of adults in developing countries have a financial account. Despite this statistic, only 55% can be resilient to financial shocks. The rest find it difficult or impossible to access emergency money when such situations ...

Continue reading Steps You Can Take to Increase Your Financial Resilience

March 28, 2023

3 Ways That Make Credit Cards Vulnerable to Fraud

By Enero Febrero

Grocery store purchases might not raise the hair on the back of your neck, but seemingly-endless stories about retail hacking might. The two are more connected than you might imagine, and the binding factor is the credit card in your wallet. In fact, ...

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March 15, 2023

Common Financial Mistakes in Manufacturing (and How to Avoid Them)

By Corazon Gritar

For businesses that must deal with financial mistakes in manufacturing, it's important to understand that the manufacturing industry focuses on four distinct principles: inventory, forecasting, cost accounting, and production. The good news is even ...

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March 14, 2023

6 Ways to Fix Your Finances and Resuscitate Your DOA Money Situation

By Mikey Rox

Stressed out by your financial situation? Aren't we all. Here are six strategic moves you can make to regain control of your money situation, fix your finances, and put you back in the driver's seat. Take a look ... Stop impulsive shopping Many ...

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March 7, 2023

How to Get a Higher Credit Score No Matter How Bad Your Finances Are

By Anum Yoon

Imagine being so rich you never had to borrow money! Sadly, most of aren't that fortunate, which is why many people endeavor to discover how to get a higher credit score. If you're wealthy enough to pay cash for any car or home you like, then you ...

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February 28, 2023

What Defines Financial Success?

By Len Penzo

What defines financial success? Of course, many people believe that all their financial problems would disappear if they made more money. But high incomes can't guarantee financial freedom; there are countless examples of people who earn millions and ...

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February 23, 2023

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 ...

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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 ...

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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 ...

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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 ...

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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) ...

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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 ...

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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

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