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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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8 Stupid Fees Consumers Hate to Pay (But Often Do Anyway)

By Len Penzo

In this tough economy, businesses of all types continue to nickel and dime us to death with add-on charges. Needless to say, they want you to believe that those fees are necessary to cover the additional costs of doing business; pizza delivery fees ...

Continue reading 8 Stupid Fees Consumers Hate to Pay (But Often Do Anyway)

August 24, 2020

True Story: My Spouse Skipped Town and Left Me Penniless!

By Spedie

I'd always considered myself pretty street smart. You know, the kind of girl that didn't have an easy life and had learned many lessons via the School of Hard Knocks. Then I married my Prince Charming. He didn't make much money, but we shared the ...

Continue reading True Story: My Spouse Skipped Town and Left Me Penniless!

July 27, 2020

Tips for Protecting Yourself from Investment Fraud

By Tex Freitag

Becoming a victim of securities fraud is a serious and devastating matter. The market is known to fluctuate, and especially in light of the impact of COVID-19, you may not realize that it isn't the economic roller coaster impacting the growth of your ...

Continue reading Tips for Protecting Yourself from Investment Fraud

June 19, 2020

What I Learned from the Worst Vacation of My Life

By Len Penzo

Summer is almost here and many people are gearing up for another vacation season full of fabulous food and frolicking fun in the sun with friends and family. With that in mind, I thought it would be a kick to relive the worst vacation of my entire ...

Continue reading What I Learned from the Worst Vacation of My Life

June 1, 2020

21 Reasons Why Corner Lots Are For Suckers

By Len Penzo

For the six people left in America who are still looking to buy a home, I thought I'd pass on a little advice and save you a serious case of buyer's remorse. Don't be fooled by real estate agents who try to tell you that a corner lot is highly ...

Continue reading 21 Reasons Why Corner Lots Are For Suckers

May 18, 2020

100 Words On: Why You Should Never Buy a Timeshare

By Len Penzo

No matter what that slick salesman tells you, vacation timeshares aren't a good deal. Surprised? Don't be. Many timeshares owners lose the freedom to vacation wherever and whenever they choose -- or even skip one, considering annual maintenance fees ...

Continue reading 100 Words On: Why You Should Never Buy a Timeshare

January 16, 2020

5 Money Saving Tips Your Mortgage Broker Doesn’t Want You to Know

By Sabado Domingo

Buying a home is a big decision and you do not want to make a mistake while you are home shopping. That's why lots of people turn to mortgage brokers to help them through the process of finding a loan. In order to help you avoid being taken advantage ...

Continue reading 5 Money Saving Tips Your Mortgage Broker Doesn’t Want You to Know

November 15, 2019

Outrageous Pizza Delivery Fees Are Here to Stay (and It’s Your Fault)

By Len Penzo

I love sleight of hand tricks. Occasionally, a coworker of mine named Fred will stop by my office and regale me with some truly amazing acts of prestidigitation. I'm always left in awe every time he seemingly pulls a coin out of thin air -- or ...

Continue reading Outrageous Pizza Delivery Fees Are Here to Stay (and It’s Your Fault)

October 7, 2019

Be Careful, Priceline Users! Name a Wrong Price and You May Go To Jail

By Len Penzo

I bet you didn't know Priceline had a jail. I didn't either until I got tossed into their web-based hoosegow for 24 hours. Heh. What was my "crime" you ask? This is kind of embarrassing to admit, but I recently made an offer on a rental car ...

Continue reading Be Careful, Priceline Users! Name a Wrong Price and You May Go To Jail

September 16, 2019

100 Words On: Why Folgers Coffee Is More Expensive Than You Think

By Len Penzo

All things considered, most coffee drinkers realize that brewing their java at home is significantly more cost effective than buying it from Starbucks. However, those who use a typical automatic drip coffee maker may not be saving quite as much as ...

Continue reading 100 Words On: Why Folgers Coffee Is More Expensive Than You Think

November 22, 2018

How Fees Quickly Erode Your Savings Account Returns

By Enero Febrero

Your savings are a long-term investment, and whether you have accounts for short term purchases to furnish your home, or fill your wardrobe -- or whether you have your emergency fund and bill payment funds saved in the same place -- you've worked ...

Continue reading How Fees Quickly Erode Your Savings Account Returns

August 31, 2018

An Expert Explains How to Avoid Common Artwork Scams

By Gayle Tate

Scams? Let me think about that. Scams? Wait for it ... Yup, the fine art market in America has scams. I should be asking, "next question?" but Len, in his supreme kindness, asked me to submit something about scams. Can anyone say "can of worms"? ...

Continue reading An Expert Explains How to Avoid Common Artwork Scams

February 28, 2018

100 Words On: Why You Should Always Bet Against the Groundhog

By Len Penzo

Every year on Groundhog Day, folks eager to know whether there will be six more weeks of winter wait for Punxsutawney Phil to emerge from his burrow. Since 1887, the storied groundhog has failed to see his shadow -- thereby predicting an early ...

Continue reading 100 Words On: Why You Should Always Bet Against the Groundhog

February 2, 2018

6 Tips That Can Help You Avoid Pyramid Marketing Schemes

By Sabado Domingo

Pyramid schemes are in the news, with the recent lawsuit against LuLaRoe bringing fresh attention to the issue. If you're in the market for a side hustle or direct marketing opportunity, you need to be conscious of the difference between a legitimate ...

Continue reading 6 Tips That Can Help You Avoid Pyramid Marketing Schemes

January 5, 2018

How Your Employer Is Stealing From You

By Len Penzo

Does anybody remember the Allentown woman who was sentenced to 57 months in prison for stealing $1.6 million from her employer over the course of an entire decade? Believe it or not, many employees misguidedly feel it's really no big deal to raid the ...

Continue reading How Your Employer Is Stealing From You

September 4, 2017

22 Signs Your College Degree Might Not Be Worth the Money

By Len Penzo

There's more than a grain of truth in the old joke that goes something like this: The engineering graduate asks, "How will it work?" The physics grad wants to know, "Why does it work?" And the liberal arts graduate asks, "Do you want fries ...

Continue reading 22 Signs Your College Degree Might Not Be Worth the Money

May 8, 2017

My Dumbest Money Mistakes (Part 2)

By Len Penzo

As I mentioned in Part 1, this story is not about everyday money leaks or niggling oversights we all make from time to time. It's about the type of money blunders that wake me up in the middle of the night and leave me covered in a cold ...

Continue reading My Dumbest Money Mistakes (Part 2)

April 25, 2017

Real Estate Agents: Why They’re Not Worth It

By Len Penzo

I've sold one house in my lifetime -- way back in 1997 -- and I did that without a real estate agent. Yep ... For sale by owner (or FSBO). It wasn't supposed to be that way.I actually started out with a realtor because I thought it would be crazy ...

Continue reading Real Estate Agents: Why They’re Not Worth It

March 20, 2017

Why Private Schools Are a Financial Rip-Off

By Len Penzo

Most parents end up considering private education because they only want the best for their child. But today I'm going to show you why, from a purely financial perspective, private schools are not worth the price of admission. Well, that is unless ...

Continue reading Why Private Schools Are a Financial Rip-Off

May 2, 2016

Why Coke Rewards Are For Suckers

By Len Penzo

I used to be absolutely mesmerized by VH1's Celebrity Rehab and its companion program, Sober House. I found both shows' real-life peek at celebrity addicts' half-hearted attempts at recovery absolutely, well ... addicting. You can preach all you ...

Continue reading Why Coke Rewards Are For Suckers

February 15, 2016

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