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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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6 Ways Procrastinating Hurts Your Finances

By Mikey Rox

Lots of people live by the procrastinator's creed: Why do today what you can put off until tomorrow? You might even be one of them. But while this practice seems innocuous enough, it's actually costing you an embarrassing amount of money. Here ...

Continue reading 6 Ways Procrastinating Hurts Your Finances

April 5, 2022

Take Control of Your Personal Finances with These Budgeting Tips

By Tex Freitag

Many of us don't take our money seriously when we first start earning, which sometimes results in acquiring debt or a sub-par living standard. However, it is never too late to begin managing your money in a way that proves to be beneficial for you in ...

Continue reading Take Control of Your Personal Finances with These Budgeting Tips

March 28, 2022

US Credit Card Debt Surpasses $1 Trillion

By Corazon Gritar

Watch out, America. It's time to start thinking before you swipe your credit card. According to a study from WalletHub, the total credit card debt of US consumers now exceeds $1 trillion. In fact, last year American consumers took out more than ...

Continue reading US Credit Card Debt Surpasses $1 Trillion

March 23, 2022

How a Broken Washing Machine Fixed My Finances

By Steven Quinlan

Readers: I received a message from a reader in the United Kingdom, which I found to be very inspiring. He graciously accepted my request to share his story with you. -- Len Last November my washing machine died. Because I make decent money - the ...

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March 22, 2022

What’s the Fastest Way to Pay Down the Mortgage Early?

By Len Penzo

Vanilla or chocolate? Credit or debit? House Hunters or Property Brothers? Some questions can be answered with relative ease by almost everyone. On the other hand, when it comes to paying down mortgages early, a much more perplexing ...

Continue reading What’s the Fastest Way to Pay Down the Mortgage Early?

March 14, 2022

Can You Consolidate Debt with a Personal Loan?

By Sabado Domingo

There are a few different ways to consolidate your debt, and one of those ways is by taking out a personal loan. A personal loan can be a great way to get rid of high-interest credit card debt, but there are some things you need to know before you ...

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February 14, 2022

4 Great Budgeting Tips For Gen Z and Millennials

By Corazon Gritar

Shortly after ringing in the new year, many Millennials are already struggling to reach their financial resolutions. It's no wonder why; the average debt a typical millennial carries is $47,689, according to a Millennial Money Mindset report. The ...

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February 8, 2022

Why You Need to Organize Your Loan-Repayment Plan

By Enero Febrero

Given the high cost of education for many US students, a student loan is the best chance for acquiring their degrees without too much financial pressure. But, when it eventually gets to paying it off, that's the moment most students are dreading. In ...

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February 8, 2022

Cash Advances: 3 Things You Need to Know Before Getting One

By Sabado Domingo

Cash advances are very fast and easy to get, especially if you have a credit card. However, not all credit card issuers allow cash advances. Some people think that getting a cash advance is just making a withdrawal from an ATM or a bank, but it's ...

Continue reading Cash Advances: 3 Things You Need to Know Before Getting One

February 3, 2022

4 Kick-Ass Debt Lessons from the Karate Kid

By Ben Edwards

Most of us have been bullied at one time or another as a kid. Perhaps you were called a name or harassed or even hit. This near-universal experience may be one reason why the movie classic known as The Karate Kid resonated with both adults and ...

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February 2, 2022

4 Things You Should Know to Be Financially Literate

By Brooke Joly

Financial literacy is the ability to understand and implement basic financial concepts. And since financial education is still working its way to the mainstream, often it's the responsibility of each individual to figure out what personal finance ...

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January 31, 2022

How to Pay Off Credit Card Debt Quickly (No Matter How Much You Owe)

By Len Penzo

The most common reader question I get is this one: "How can I pay off my credit card debt as quickly as possible?" I always pay my credit card balances in full at the end of every month. That being said, I know exactly how I'd handle it if I ever ...

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January 31, 2022

100 Words On: Why Many ‘Rich’ People Are Only Fooling Themselves

By Len Penzo

Pablo Picasso said, "I'd like to live as a poor man, with lots of money." Sage advice. That's because doing the exact opposite is a recipe that's guaranteed to eventually bring financial trouble to anybody brazen enough to try it. Still, that doesn't ...

Continue reading 100 Words On: Why Many ‘Rich’ People Are Only Fooling Themselves

January 27, 2022

9 Smart Reasons to Get Aggressive With Your Debt Busting

By Sabado Domingo

When it comes to paying down your debt, there are hundreds of reasons to get aggressive. Some are unique to individuals and their particular financial circumstances, but most cross the boundaries of personal situations to find common ground among ...

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January 19, 2022

Want a Higher Credit Score? Here’s How to Get It

By Enero Febrero

Do you wish your credit scores were higher? For the vast majority of working adults, the numerical scores reported by the three major bureaus have a massive impact on their lives. Not only do your scores determine whether you can borrow, but they ...

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January 17, 2022

8 Financial Resolutions To Adopt This Year

By Sabado Domingo

There's genuinely no better way to kickstart the new year than with a few motivational resolutions. And while most of us have listed resolutions like getting fit, eating healthier, and other common goals, deciding to make a few financial resolutions ...

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January 17, 2022

The Debt Business and How to Avoid Being an Economic-System Casualty

By Sabado Domingo

Does "the man" profit from you being in debt? The short answer: yes. There absolutely is money to be made by keeping people in debt. Think about it: You're granted a credit card with a $1500 limit and an interest rate of 17% (which sounds high ...

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January 12, 2022

100 Words On: Why Not All Debt is a Four-Letter Word

By Len Penzo

Not all debt is bad. Debt is generally okay whenever it is used to buy something that may increase in value. For example, going into debt can make perfect sense when you're trying to start a business, or expand an existing one. Very few people can ...

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December 30, 2021

These 4 Financial New Year’s Resolutions Are Actually Sustainable

By Sabado Domingo

One of the things that sets the human race apart from other species is our ability to learn by looking back at the past. But by this logic, New Year's resolutions should have long ceased to exist. After all, most people make enthusiastic New Year's ...

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December 24, 2021

What You Should Really Know About Credit Cards

By Sabado Domingo

Rifling through your wallet, you're likely to find an array of cards you might use for spending on certain products. Your main debit card is likely to be for regular shopping, such as for groceries, rent and utility bills. As for more peripheral ...

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December 15, 2021

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