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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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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

Black Coffee: The Fed’s Golden Key

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Another busy week is crossed off the ...

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January 29, 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 ...

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January 27, 2022

Bank-By-Phone Programs Can Help Those Without Checking Accounts

By Sabado Domingo

Even with all the advancements in banking technology, there are still millions of Americans without so much as a checking account. Luckily, more bank-by-phone programs are becoming available for those without the ability to bank. Here are just a ...

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January 26, 2022

Transitioning to a Vegan Lifestyle: Pros and Cons

By Tex Freitag

Everyone knows at least a person or two who have decided to go vegan over the past few years. The popularity of a vegan lifestyle makes perfect sense. It is as healthy and sustainable as it is trendy - just look at how many celebrities are vegan. ...

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January 25, 2022

When is the Best Time to Start Investing?

By Enero Febrero

For many young adults, heir first experience with investing doesn't happen until sometime after they get their first job. But if your goal is to maximize your returns, then it would be better to begin sooner. Although most young people don't have ...

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January 25, 2022

Here Are 3 Killer Gamification Marketing Strategies in Action

By Corazon Gritar

In the old media world, customers rarely interacted with a company's marketing campaigns. Radio commercials, TV, print media, and billboard advertising may have featured a call to action or phone number, but they rarely demanded active participation. ...

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January 25, 2022

Black Coffee: Stuck in the Middle

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. I hope everybody had a wonderful week. ...

Continue reading Black Coffee: Stuck in the Middle

January 22, 2022

Checking Accounts: Types, Uses, and Why You Should Have One

By Sabado Domingo

You can walk into any regular bank and request to open a checking account. A checking account is a standard bank account in which you are allowed to make deposits and withdrawals anytime without stringent limits and rules. They can also be called ...

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January 21, 2022

Grandfather Says: Only Clean Firewood Will Do

By RD Blakeslee

Grandfather says he doesn't mind a little frumpiness indoors, but the missus wants only clean firewood in the house. Well, OK; Grandfather will have to abandon the woodpile and store the firewood under roof. No spare roof onsite? The missus ...

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January 20, 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

5 Ways To Financially Prepare For Your Healthcare Needs

By Corazon Gritar

Healthcare in the United States is a hot-button political issue, ripe with disagreement. It is also immensely complicated, making it all the more difficult to wrap your head around the right answers. Of course, there is one thing almost everyone can ...

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January 18, 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

How to Safely Invest for Retirement

By Sabado Domingo

How important is it to have a sufficient financial nest egg by the time you are ready to retire? Well ... it should be very important because your life post-retirement depends on it. Believe it or not, a major mistake some people make when ...

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January 17, 2022

56% Of Americans Own Stock: What Else Can You Invest In?

By Enero Febrero

Currently, 56% of all Americans own stock, but it was more common in the years 2001-08, when as many as 68% of Americans owned at least one share. Stock ownership is determined by household income, formal education, and age, but it's not the only ...

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January 17, 2022

19 Tips for Saving a Bundle of Cash on Home Appliances

By Len Penzo

We recently replaced our old refrigerator. It's not that the appliance was on the verge of breaking down; it's just that I am very risk adverse and I figured that, with the recent spate of supply chain issues, I figured we'd get a jump on any ...

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January 17, 2022

Black Coffee: Iron Fist, Glass Jaw

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. I hope everybody had a terrific week. ...

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January 15, 2022

Should You Trade Cryptocurrencies with Other Crypto or Use Fiat Money?

By Tex Freitag

By now, you are probably perfectly aware that trading cryptocurrencies can be a profitable pursuit if you don't mind a healthy dollop of market volatility. The unstoppable rise of bitcoin (BTC) has been so stark that even countries, such as El ...

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January 14, 2022

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