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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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, ...

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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 ...

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September 29, 2022

5 Tips for Paying Off Your Title Loan Fast

By Sabado Domingo

traveling notaries

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 ...

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September 16, 2022

Proper Financial Planning for Individuals With Irregular Income

By Sabado Domingo

An income can be considered irregular if you’re not being paid on a regular schedule. An example of an irregular income is the pay you get from tutoring, craft sales, spousal support, and the like. However, having a sporadic income is harder to ...

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August 9, 2022

5 Reasons To Sell a Lottery Jackpot Annuity

By Sabado Domingo

Most lottery prizes are offered in the form of periodic payments to the winner. As a result, the winner has to linger on for years before he gets to have the full amount of winnings. There are many wonderful benefits of holding on to the annuity ...

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July 27, 2022

4 Steps to Financial Independence

By Sabado Domingo

Once you have achieved some basic financial goals, such as paying off all debts except for perhaps your mortgage, building up an emergency fund and contributing to a retirement account, it is time to start thinking about achieving financial ...

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July 19, 2022

100 Words On: Why You Should Never Ever Be Afraid of Failure

By Len Penzo

Most of us learn to fear failure and avoid it at all costs. During our quest for financial freedom, however, well encounter plenty of failures. Usually, we learn from them and move on. Sadly, the fear of failure is also used as a convenient excuse ...

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July 7, 2022

5 Expert Tips for Saving Money with a Credit Card

By Enero Febrero

For many people, a credit card offers a flexible way to access funds when they're needed. However, credit cards can do much more than this when they're used properly -- and can in fact end up saving you money in the long run. Selecting the right ...

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June 29, 2022

Why You Should Consider a 203k Mortgage When Buying a Fixer-Upper

By Sabado Domingo

Purchasing a home that requires repairs and renovations can seem impractical. Generally, lenders don't allow homeowners to purchase the property until after repairs are completed; however, an FHA 203k loan allows property owners to roll home ...

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June 22, 2022

Can You Afford a Home?

By Enero Febrero

Purchasing a home is one of the bigger moments in many people's lives, whether or not they have purchased on in the past. But with rising home prices and interest rates, it can seem less and less affordable to acquire your own home. There are a few ...

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June 16, 2022

5 Ways to Increase Your Chances of Qualifying for a Personal Loan

By Sabado Domingo

Whether you're consolidating debt, making a large purchase, or dealing with an unexpected expense, a personal loan can be an excellent option. When you take out a personal loan, you borrow a fixed amount of money that you agree to pay back over a ...

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June 13, 2022

10 Big Reasons Why I Love (and Hate) Credit Cards

By Len Penzo

The other day I overheard a couple of nice ladies going on and on about why they loved, loved, LOVED their credit cards. And let me tell you, they really loved them. At first, I didn't understand what all the fuss was about. Like most people, I ...

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June 13, 2022

Why You Should Be Careful Before Gambling Online with a Credit Card

By Enero Febrero

Using online services such as shopping and streaming services often requires the use of credit cards. And online gambling - which has become increasingly popular in recent years - is no different. Of course, time and time again we are warned about ...

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June 10, 2022

100 Words On: The Smartest Way to Eliminate Your Credit Card Debt

By Len Penzo

I don't care what you've heard about Dave Ramsey's debt snowball, the credit card debt-elimination method that calls for paying off cards with the lowest balances first -- regardless of their interest rate. It's wrong. Ramsey claims the debt ...

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June 9, 2022

How Do Payday Loans Work?

By Enero Febrero

If you found yourself short on cash, you could try applying for a payday loan - but keep in mind that it's going to cost you. A payday loan grants you access to cash to bridge the gap until your payday. But payday loans are not to be taken lightly ...

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June 1, 2022

How to Ensure You’re Getting the Most from Your Wallet

By Len Penzo

Think about how much stuff you have in your wallet at the moment: maybe a little cash, and probably a few debit cards or credit cards. Now, are you satisfied with how much your wallet is earning for you? It's never a bad time to take a look inside ...

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May 30, 2022

How to Create a Long-Term Plan for Your Ultimate Financial Goals

By Sabado Domingo

For many, the idea of setting financial goals is a new concept. At most, it might be something that they do occasionally. They might think: I need to pay off this credit card. Or perhaps:I want to save up for a down payment. However, in order to ...

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May 27, 2022

5 Pointers to Help You Pick the Right Home Loan

By Enero Febrero

Home loans are the only way that most people around the world today can afford to buy homes. This is especially true for real estate in expensive locales from San Francisco to New York -- and even homes in a city like Mumbai. With the high prices ...

Continue reading 5 Pointers to Help You Pick the Right Home Loan

May 4, 2022

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