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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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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 Stop Junk Mail Easily: What Marketers Don’t Want You to Know

By Len Penzo

Like most people concerned about identity theft, I occasionally gather up any documents with sensitive personal information I've accumulated over time and run them through the paper shredder. As usual, most of it was junk; courtesy of the United ...

Continue reading How to Stop Junk Mail Easily: What Marketers Don’t Want You to Know

May 8, 2023

Why It Pays to Never Give Up

By Len Penzo

Quitting is easy, but that doesn't mean you should. JK Rowling's manuscript for Harry Potter and the Philosopher's Stone was rejected by the first 12 publishers she approached. Walt Disney was fired from the Kansas City Star because his boss ...

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April 20, 2023

Preparing Your Budget for Home Projects

By Corazon Gritar

While some home improvement projects are optional, many are considered necessities. As a homeowner, it's your job to maintain and upgrade your home, keeping it in good condition and increasing its value over time. However, this can come at a high ...

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April 19, 2023

Are High Thread Count Sheets Worth the Price?

By Len Penzo

The Honeybee and I are officially in the final phase of a major master bathroom remodel. We're extremely excited too, because today marks the seventh week of our three-week project. Don't laugh: That's how long our general contractor told us it ...

Continue reading Are High Thread Count Sheets Worth the Price?

April 17, 2023

DVDs From Hell: How to Skip DVD Trailers & Ads

By Len Penzo

One recent weekend not too long ago I came home to find out that both my kids happened to be spending the night at neighbors' homes. Heh. Of course, I'm sure all of you who are married with children know what that means. But before that could ...

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April 12, 2023

5 Chores That Today’s Kids Can Do to Earn Money

By Anum Yoon

When did you learn the value of money? For many of us, it begins the day our parents dole out chores for the first time. A week's worth of completed chores meant we earned allowances that we could spend right away or save for something we really ...

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April 11, 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

A Few Thoughts from Aunt Doris: Cowboys and Indians

By Aunt Doris

This is another post in an occasional series from my dear Aunt Doris, who passed away in 2015 at the age of 94. When I was a kid in England I loved to play Cowboys & Indians. (Yes, we played that too.) I always wanted to be the ...

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April 6, 2023

How Couples Save Money by Gaming the System

By Mikey Rox

There are plenty of perks to being a couple -- splitting household expenses, sharing a cell phone plan, qualifying for BOGO dinner promotions at your favorite chain restaurants -- but there are more savings to enjoy if you dig a little deeper. Now ...

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April 4, 2023

How to Grow a Vegetable Garden: 45 Tips to Help You Succeed

By Len Penzo

If you're worried like I am about rising food prices this year, learning how to grow a vegetable garden can be a terrific way to lower your produce bill. Now, I know what most of you are thinking: But I don't know the first thing about planting a ...

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April 3, 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

The Big Advantages of Natural Gas Appliances

By Len Penzo

Most cooking aficionados prefer natural gas cooktops over electric ones because they heat evenly, and provide precision control with instant on/off capability. Natural gas appliances have other big advantages. For example, they typically last longer ...

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March 23, 2023

Blind Taste Test: Does Bottled Water Really Taste Better Than Filtered Tap?

By Len Penzo

Does bottled water taste better than filtered tap? You'd certainly think so, based on the number of people who drink it today. And that's too bad because, compared to tap water, the bottled stuff is absurdly expensive. It also generates a lot of ...

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March 13, 2023

Is Buying or Renting a Home Financially Better?

By Edward Francis

Although there are entities out there with a vested interest in promoting the idea that it is always cheaper to buy than to rent, that doesn't automatically answer the question:  When given the choice, is it better to buy or rent a home? Adding up ...

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March 8, 2023

This Little Trick Can Save Big Money On Your Food Bill

By Len Penzo

Are you looking for ways to save money on your food bill? It may be easier than you think. Consider this: In 2013, I spent $13,788 on groceries for our four-person household. In 2022, that number climbed to $17,101. In case you're wondering, that ...

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March 6, 2023

How to Have a Beautiful Wedding AND Exotic Honeymoon for $5000 – or Less!

By Kacy

The average cost to have a wedding is now $29,000. That's some serious dough - especially for couples looking to have a beautiful wedding and honeymoon for $5000 or less! I know getting married is supposed to be a once-in-a-lifetime event, but is ...

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March 1, 2023

Wondering How to Teach Your Kids About Taxes? Consider the ‘Parent Tax’

By Lance Cothern

Paying taxes is something your kids will have to deal with as adults. So why wait to teach your kids about taxation and earning money until after they get their first job? You shouldn't. Teach your kids by charging them the "Parent Tax." The Parent ...

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February 14, 2023

Why You Should Never Put Miracle Whip on a Tuna Sandwich

By Len Penzo

You should never put Miracle Whip on a tuna sandwich. Why? Because while mayonnaise is considered a condiment, any decent chef knows that, technically, it's a sauce. Beautiful in its simplicity, mayo is nothing more than egg whites, oil, lemon juice, ...

Continue reading Why You Should Never Put Miracle Whip on a Tuna Sandwich

February 9, 2023

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